Autoliv (NYSE:ALV) Shares Down 4% - Here's What Happened

Shares of Autoliv, Inc. (NYSE:ALV - Get Free Report) were down 4% during mid-day trading on Thursday . The company traded as low as $90.04 and last traded at $91.07. Approximately 351,567 shares changed 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Mizuho cut their target price on Autoliv from $115.00 to $112.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Hsbc Global Res cut shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. HSBC cut Autoliv from a "buy" rating to a "hold" rating and cut their price objective for the company from $109.00 to $100.00 in a research report on Tuesday, February 4th. Daiwa Capital Markets raised 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. Finally, Daiwa America upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $117.14.

Autoliv Stock Performance

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's fifty day moving average price is $95.49 and its 200-day moving average price is $95.61. The stock has a market cap of $6.85 billion, a PE ratio of 10.96, a P/E/G ratio of 0.73 and a beta of 1.59.

Remove Ads

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, topping 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%. As a group, equities research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.17%. Autoliv's dividend payout ratio is currently 34.70%.

Insider Transactions at Autoliv

In related news, CEO Mikael Bratt sold 5,760 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Per Jonas Jademyr sold 401 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the transaction, the executive vice president now directly owns 685 shares in the company, valued at approximately $67,712.25. The trade was a 36.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock worth $915,534 in the last quarter. Company insiders own 0.20% of the company's stock.

Institutional Trading of Autoliv

A number of hedge funds and other institutional investors have recently modified their holdings of ALV. Legend Financial Advisors Inc. boosted its holdings in Autoliv by 1.8% in the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock worth $595,000 after buying an additional 115 shares during the period. CIBC Asset Management Inc grew its position in shares of Autoliv by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock worth $235,000 after purchasing an additional 124 shares in the last quarter. Quantinno Capital Management LP raised its stake in Autoliv by 0.6% during the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company's stock valued at $2,190,000 after purchasing an additional 130 shares during the period. US Bancorp DE raised its stake in Autoliv by 3.5% during the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock valued at $358,000 after purchasing an additional 130 shares during the period. Finally, AlphaQuest LLC lifted its holdings in Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after purchasing an additional 134 shares in the last quarter. 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.