Autoliv, Inc. (NYSE:ALV) Director Jan Carlson Sells 1,555 Shares

Autoliv, Inc. (NYSE:ALV - Get Free Report) Director Jan Carlson sold 1,555 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total transaction of $168,437.60. Following the transaction, the director now owns 77,493 shares in the company, valued at approximately $8,394,041.76. This trade represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Autoliv Stock Performance

Shares of Autoliv stock traded down $1.42 during trading hours on Friday, reaching $108.56. The company had a trading volume of 630,677 shares, compared to its average volume of 809,515. Autoliv, Inc. has a one year low of $75.49 and a one year high of $112.32. The business has a fifty day simple moving average of $96.06 and a 200 day simple moving average of $95.11. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The firm has a market cap of $8.39 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.43. The firm had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same period last year, the firm earned $1.58 earnings per share. On average, analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, September 5th. This is a positive change from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 dividend on an annualized basis and a yield of 3.13%. Autoliv's payout ratio is currently 39.13%.

Autoliv declared that its Board of Directors has authorized a stock repurchase program on Wednesday, June 4th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the auto parts company to buy up to 31.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Cowen began coverage on shares of Autoliv in a report on Thursday, March 6th. They set a "buy" rating for the company. Wells Fargo & Company boosted their target price on shares of Autoliv from $82.00 to $100.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. BNP Paribas Exane upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 target price for the company in a research report on Friday, May 9th. Mizuho upped their price objective on shares of Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Robert W. Baird lowered their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Autoliv has an average rating of "Moderate Buy" and an average target price of $114.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ALV. Charles Schwab Investment Management Inc. raised its position in Autoliv by 418.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock worth $219,686,000 after purchasing an additional 2,004,515 shares during the period. FMR LLC raised its holdings in shares of Autoliv by 9.9% during the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock worth $670,270,000 after purchasing an additional 641,895 shares during the last quarter. Norges Bank acquired a new stake in Autoliv during the fourth quarter valued at $36,761,000. FIL Ltd grew its position in Autoliv by 17.3% during the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock valued at $223,433,000 after buying an additional 351,876 shares during the period. Finally, Lancaster Investment Management increased its stake in shares of Autoliv by 58.8% during the first quarter. Lancaster Investment Management now owns 903,537 shares of the auto parts company's stock worth $79,918,000 after purchasing an additional 334,716 shares in the last quarter. Institutional investors own 69.57% of the company's stock.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.