Autoliv (NYSE:ALV) Stock Price Down 4% – Here’s What Happened

Autoliv, Inc. (NYSE:ALV) was down 4% during trading on Thursday . The company traded as low as $90.04 and last traded at $91.07. Approximately 351,567 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 753,823 shares. The stock had previously closed at $94.88.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALV. TD Cowen began coverage on shares of Autoliv in a research note on Friday, March 7th. They issued a “buy” rating and a $116.00 target price for the company. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Mizuho dropped their price target on Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, Pareto Securities downgraded Autoliv to a “hold” rating in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.14.

Autoliv Stock Down 3.8 %

The company’s 50 day moving average price is $95.80 and its two-hundred day moving average price is $95.67. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock has a market cap of $7.10 billion, a P/E ratio of 11.31, a PEG ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Equities analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 3.07%. Autoliv’s payout ratio is currently 34.70%.

Insiders Place Their Bets

In other news, insider Magnus Jarlegren sold 1,289 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the sale, the insider now directly owns 6,142 shares of the company’s stock, valued at $607,013.86. This represents a 17.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mikael Bratt sold 5,760 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the sale, the chief executive officer now owns 23,307 shares in the company, valued at $2,305,062.30. This trade represents a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is currently owned by insiders.

Institutional Trading of Autoliv

Several institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of Autoliv by 9.9% during the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock valued at $670,270,000 after buying an additional 641,895 shares in the last quarter. Norges Bank purchased a new position in Autoliv during the fourth quarter valued at $36,761,000. FIL Ltd grew its position in shares of Autoliv by 17.3% in the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock valued at $223,433,000 after purchasing an additional 351,876 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Autoliv by 67.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company’s stock worth $65,840,000 after buying an additional 284,002 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Autoliv during the fourth quarter worth $25,749,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Company Profile

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.