Magnus Jarlegren Sells 1,289 Shares of Autoliv, Inc. (NYSE:ALV) Stock

Autoliv, Inc. (NYSE:ALV) insider Magnus Jarlegren sold 1,289 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the sale, the insider now owns 6,142 shares of the company’s stock, valued at approximately $607,013.86. The trade was a 17.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Autoliv Stock Performance

NYSE:ALV opened at $97.38 on Friday. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. The firm’s fifty day simple moving average is $96.14 and its 200 day simple moving average is $96.62. 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 firm has a market capitalization of $7.57 billion, a PE ratio of 12.07, a PEG ratio of 0.73 and a beta of 1.58.

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

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be paid a $0.70 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 2.88%. Autoliv’s payout ratio is presently 34.70%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALV. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a research report on Tuesday, January 7th. HSBC downgraded shares of Autoliv from a “buy” rating to a “hold” rating and cut their target price for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. Mizuho cut their target price on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and a consensus target price of $117.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Autoliv by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after buying an additional 95,888 shares during the last quarter. JPMorgan Chase & Co. grew its position in Autoliv by 38.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock worth $25,800,000 after purchasing an additional 76,510 shares during the last quarter. Quantbot Technologies LP grew its position in Autoliv by 1,437.4% in the 3rd quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock worth $4,855,000 after purchasing an additional 48,612 shares during the last quarter. HITE Hedge Asset Management LLC grew its position in Autoliv by 32.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock worth $12,645,000 after purchasing an additional 33,490 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in Autoliv in the 4th quarter worth $394,000. 69.57% of the stock is currently 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.