Autoliv (NYSE:ALV) Sees Unusually-High Trading Volume – What’s Next?

Autoliv, Inc. (NYSE:ALV) saw unusually-strong trading volume on Friday . Approximately 1,726,814 shares traded hands during 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALV. Mizuho cut their price target on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. TD Cowen began coverage on shares of Autoliv in a report on Friday, March 7th. They set a “buy” rating and a $116.00 target price on the stock. Pareto Securities downgraded shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Cowen assumed coverage on Autoliv in a research note on Thursday, March 6th. They set a “buy” rating for the company. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.14.

Autoliv Trading Up 2.7 %

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 business’s fifty day simple moving average is $96.35 and its two-hundred day simple moving average is $96.17. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

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

Insiders Place Their Bets

In other Autoliv news, CEO Mikael Bratt sold 5,760 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 6,142 shares in the company, valued at approximately $607,013.86. The trade was a 17.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,253 shares of company stock valued at $915,534. Insiders own 0.20% of the company’s stock.

Institutional Trading of Autoliv

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in Autoliv by 9.9% in the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock valued at $670,270,000 after purchasing an additional 641,895 shares during the period. Swedbank AB raised its stake in shares of Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after buying an additional 205,241 shares in the last quarter. FIL Ltd lifted its holdings in shares of Autoliv by 17.3% in the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock valued at $223,433,000 after buying an additional 351,876 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Autoliv by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,623,600 shares of the auto parts company’s stock valued at $152,275,000 after buying an additional 134,347 shares in the last quarter. Finally, Mondrian Investment Partners LTD grew its holdings in Autoliv by 4.5% during the fourth quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company’s stock worth $133,259,000 after acquiring an additional 59,592 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

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.