Franz-Josef Kortuem Sells 8,300 Shares of Autoliv (NYSE:ALV) Stock

Autoliv, Inc. (NYSE:ALV) Director Franz-Josef Kortuem sold 8,300 shares of Autoliv stock in a transaction 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 transaction, the director directly owned 5,549 shares of the company’s stock, valued at approximately $668,099.60. This represents a 59.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Autoliv Stock Down 1.9%

Autoliv stock opened at $118.43 on Friday. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $130.14. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 0.99 and a beta of 1.32. The stock’s fifty day moving average is $123.80 and its two-hundred day moving average is $122.01. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, topping the consensus estimate of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. During the same period last year, the firm posted $3.05 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, March 4th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, March 4th. Autoliv’s payout ratio is currently 36.40%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Caisse Des Depots ET Consignations acquired a new stake in shares of Autoliv during the third quarter valued at about $1,302,000. First Citizens Bank & Trust Co. purchased a new position in Autoliv in the third quarter valued at about $1,385,000. Northstar Advisory Group LLC acquired a new stake in Autoliv during the 3rd quarter valued at approximately $1,484,000. Nordea Investment Management AB acquired a new stake in Autoliv during the 3rd quarter valued at approximately $7,697,000. Finally, Asset Management One Co. Ltd. increased its holdings in Autoliv by 17.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 88,535 shares of the auto parts company’s stock worth $10,934,000 after purchasing an additional 12,944 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on ALV shares. JPMorgan Chase & Co. raised Autoliv from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $109.00 to $140.00 in a research report on Wednesday, November 26th. Robert W. Baird set a $132.00 price objective on Autoliv in a research note on Monday, February 2nd. Wells Fargo & Company cut their target price on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 9th. Barclays reaffirmed an “overweight” rating and set a $140.00 price target on shares of Autoliv in a research note on Monday, February 2nd. Finally, TD Cowen reiterated a “buy” rating on shares of Autoliv in a report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and an average price target of $134.40.

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.