Autoliv (NYSE:ALV) Stock Price Down 4% – What’s Next?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ALV shares. HSBC cut shares of Autoliv from a “buy” rating to a “hold” rating and cut their target price for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Cowen initiated coverage on shares of Autoliv in a research report on Thursday, March 6th. They issued a “buy” rating on the stock. 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 target price for the company. Finally, Hsbc Global Res lowered shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.14.

Autoliv Price Performance

The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The business has a fifty day moving average of $95.80 and a 200 day moving average of $95.67. The stock has a market cap of $7.10 billion, a PE ratio of 11.31, a P/E/G ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. Sell-side analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently announced 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. This represents a $2.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, March 7th. Autoliv’s dividend payout ratio is presently 34.70%.

Insider Activity

In other news, 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 transaction, the chief executive officer now directly owns 23,307 shares in the company, valued at approximately $2,305,062.30. This trade represents a 19.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the sale, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at approximately $720,218.59. This represents a 19.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Autoliv

A number of hedge funds and other institutional investors have recently bought and sold shares of ALV. UMB Bank n.a. lifted its holdings in shares of Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 159 shares during the last quarter. AlphaQuest LLC lifted its stake in Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after buying an additional 134 shares during the last quarter. Fred Alger Management LLC acquired a new position in shares of Autoliv during the third quarter valued at $45,000. Twin Tree Management LP bought a new position in shares of Autoliv during the fourth quarter worth about $50,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Autoliv in the 4th quarter worth about $57,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.