Autoliv (NYSE:ALV) Sees Large Volume Increase - Here's What Happened

Autoliv, Inc. (NYSE:ALV - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 1,726,814 shares traded hands during mid-day trading, an increase of 136% from the previous session's volume of 730,990 shares.The stock last traded at $89.99 and had previously closed at $87.68.

Analysts Set New Price Targets

Several research firms have issued reports on ALV. Hsbc Global Res cut shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective on the stock in a report on Tuesday, January 7th. TD Cowen began coverage on shares of Autoliv in a report on Friday, March 7th. They issued a "buy" rating and a $116.00 price target on the stock. Cowen began coverage on shares of Autoliv in a report on Thursday, March 6th. They issued a "buy" rating on the stock. Finally, Pareto Securities lowered shares of Autoliv to a "hold" rating in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Autoliv has a consensus rating of "Moderate Buy" and a consensus target price of $117.14.

Autoliv Trading Down 0.6 %

The business's 50 day moving average is $96.27 and its two-hundred day moving average is $96.05. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $6.94 billion, a P/E ratio of 11.06, a PEG ratio of 0.73 and a beta of 1.59.

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Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share 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%. Analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 3.14%. Autoliv's dividend payout ratio (DPR) is presently 34.70%.

Insider Buying and Selling at Autoliv

In other news, CFO Fredrik Westin sold 1,803 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the transaction, the chief financial officer now directly owns 7,261 shares in the company, valued at $720,218.59. The trade was a 19.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mikael Bratt sold 5,760 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of 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. Insiders have sold a total of 9,253 shares of company stock valued at $915,534 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Autoliv

A number of hedge funds have recently made changes to their positions in ALV. Jefferies Financial Group Inc. acquired a new position in shares of Autoliv during the 4th quarter worth $2,550,000. Public Employees Retirement System of Ohio bought a new stake in shares of Autoliv during the 4th quarter valued at about $165,000. Two Sigma Advisers LP boosted its holdings in Autoliv by 2.5% in the fourth quarter. Two Sigma Advisers LP now owns 44,600 shares of the auto parts company's stock worth $4,183,000 after acquiring an additional 1,100 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in Autoliv by 1.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 61,398 shares of the auto parts company's stock worth $5,759,000 after acquiring an additional 800 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Autoliv by 10.9% in the fourth quarter. Royal Bank of Canada now owns 144,844 shares of the auto parts company's stock worth $13,584,000 after acquiring an additional 14,180 shares in the last quarter. 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.