Autoliv (NYSE:ALV) Sets New 12-Month High – Here’s What Happened

Autoliv, Inc. (NYSE:ALV) hit a new 52-week high on Wednesday . The stock traded as high as $130.15 and last traded at $129.48, with a volume of 142216 shares traded. The stock had previously closed at $127.26.

Analyst Ratings Changes

ALV has been the topic of several analyst reports. Weiss Ratings cut Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Robert W. Baird boosted their price objective on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Royal Bank Of Canada boosted their price objective on Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Barclays cut their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Autoliv Stock Performance

The stock has a market cap of $9.67 billion, a P/E ratio of 13.89, a PEG ratio of 0.82 and a beta of 1.31. The business has a 50 day moving average price of $112.57 and a 200 day moving average price of $117.79. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.

Autoliv (NYSE:ALV) last released its earnings results on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share. As a group, sell-side analysts expect that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be issued a $0.87 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.7%. Autoliv’s payout ratio is presently 37.42%.

Insider Activity

In related news, Director Franz-Josef Kortuem sold 8,300 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total value of $999,320.00. Following the completion of the sale, the director owned 5,549 shares in the company, valued at approximately $668,099.60. The trade was a 59.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Trading of Autoliv

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Autoliv by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after purchasing an additional 18,673 shares during the period. Caisse Des Depots ET Consignations purchased a new stake in shares of Autoliv in the third quarter valued at approximately $1,302,000. Northstar Advisory Group LLC purchased a new stake in shares of Autoliv in the third quarter valued at approximately $1,484,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Autoliv in the third quarter valued at approximately $1,385,000. Finally, Elo Mutual Pension Insurance Co purchased a new stake in shares of Autoliv in the third quarter valued at approximately $2,198,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.