Autoliv, Inc. (NYSE:ALV) VP Thomas Jonsson Sells 1,240 Shares
Autoliv, Inc. (NYSE:ALV) VP Thomas Jonsson sold 1,240 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the sale, the vice president now directly owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Autoliv, Inc. (ALV) traded down 0.23% on Thursday, reaching $108.82. The company had a trading volume of 300,829 shares. Autoliv, Inc. has a 12-month low of $93.31 and a 12-month high of $117.54. The stock’s 50-day moving average price is $111.93 and its 200-day moving average price is $106.99. The stock has a market capitalization of $9.46 billion, a P/E ratio of 17.19 and a beta of 1.14.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by $0.04. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 EPS. On average, equities research analysts anticipate that Autoliv, Inc. will post $6.22 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.60 per share. The ex-dividend date is Monday, August 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.21%. Autoliv’s dividend payout ratio (DPR) is presently 37.97%.
A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $121.00 target price on shares of Autoliv in a research report on Wednesday. Piper Jaffray Companies reissued a “hold” rating and issued a $99.00 target price on shares of Autoliv in a research report on Wednesday. Bank of America Corporation reduced their target price on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday. BidaskClub cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Royal Bank Of Canada reduced their target price on shares of Autoliv from $100.00 to $98.00 and set a “sector perform” rating for the company in a research report on Monday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Autoliv currently has an average rating of “Hold” and an average price target of $105.75.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after buying an additional 2,613,635 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Autoliv by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock worth $74,375,000 after buying an additional 296,818 shares during the period. Alliancebernstein L.P. increased its stake in shares of Autoliv by 2,167.8% in the first quarter. Alliancebernstein L.P. now owns 305,519 shares of the auto parts company’s stock worth $31,242,000 after buying an additional 292,047 shares during the period. Edge Asset Management Inc. increased its stake in shares of Autoliv by 15.6% in the first quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock worth $175,802,000 after buying an additional 232,363 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt increased its stake in shares of Autoliv by 1.2% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 8,462,500 shares of the auto parts company’s stock worth $870,107,000 after buying an additional 100,000 shares during the period. Hedge funds and other institutional investors own 32.17% of the company’s stock.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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