Autoliv (NYSE:ALV) Reaches New 1-Year Low - Here's Why

Autoliv, Inc. (NYSE:ALV - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $89.51 and last traded at $90.21, with a volume of 274834 shares changing hands. The stock had previously closed at $91.07.

Wall Street Analysts Forecast Growth

ALV has been the subject of several recent research reports. Cowen assumed coverage on Autoliv in a research note on Thursday, March 6th. They issued a "buy" rating for the company. TD Cowen initiated coverage on shares of Autoliv in a research note on Friday, March 7th. They issued a "buy" rating and a $116.00 price target on the stock. Pareto Securities cut shares of Autoliv to a "hold" rating in a research note on Monday, February 3rd. HSBC cut Autoliv from a "buy" rating to a "hold" rating and lowered their target price for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price objective on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating for the company in a research report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Autoliv has a consensus rating of "Moderate Buy" and an average target price of $117.14.

Autoliv Stock Down 0.3 %

The company has a market cap of $6.99 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The business has a 50-day simple moving average of $96.35 and a 200-day simple moving average of $96.13.

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

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, March 7th. Autoliv's dividend payout ratio (DPR) is presently 34.70%.

Insider Activity at Autoliv

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in shares of Autoliv by 139.5% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock worth $26,000 after buying an additional 159 shares during the period. AlphaQuest LLC raised its stake in Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 134 shares during the last quarter. Fred Alger Management LLC acquired a new stake in Autoliv during the 3rd quarter worth approximately $45,000. Twin Tree Management LP purchased a new position in shares of Autoliv in the 4th quarter valued at approximately $50,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Autoliv during the 4th quarter worth $57,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.