Autoliv (NYSE:ALV) Reaches New 52-Week High at $125.91

Autoliv, Inc. (NYSE:ALV) shares reached a new 52-week high on Friday . The company traded as high as $125.91 and last traded at $123.36, with a volume of 548141 shares traded. The stock had previously closed at $115.85.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALV. Berenberg Bank upgraded Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 12th. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Wolfe Research cut shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Wells Fargo & Company raised their price objective on shares of Autoliv from $101.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Barclays raised their price target on shares of Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $118.60.

Autoliv Trading Up 5.0 %

The company’s 50 day simple moving average is $117.53 and its 200 day simple moving average is $107.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.98 and a quick ratio of 0.73. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 0.78 and a beta of 1.72.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.37. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. Autoliv’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 EPS. As a group, research analysts expect that Autoliv, Inc. will post 9.68 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a yield of 2.24%. Autoliv’s dividend payout ratio is currently 47.30%.

Insider Buying and Selling at Autoliv

In other news, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now directly owns 327 shares of the company’s stock, valued at approximately $35,868.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Mikael Hagstrom sold 327 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total value of $35,868.63. Following the completion of the transaction, the vice president now directly owns 327 shares of the company’s stock, valued at $35,868.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,388 shares of company stock valued at $921,757. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ALV. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Autoliv in the 4th quarter valued at $27,000. Rise Advisors LLC grew its position in Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 122 shares during the last quarter. Register Financial Advisors LLC purchased a new position in Autoliv during the 1st quarter worth $36,000. Parallel Advisors LLC raised its holdings in shares of Autoliv by 83.8% in the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after buying an additional 223 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of Autoliv by 15,425.0% during the fourth quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after buying an additional 617 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

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.