Autoliv (NYSE:ALV) Reaches New 1-Year Low – Should You Sell?

Autoliv, Inc. (NYSE:ALV)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $89.51 and last traded at $90.21, with a volume of 274834 shares traded. The stock had previously closed at $91.07.

Wall Street Analyst Weigh In

ALV has been the topic of several research reports. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a report on Friday. Cowen initiated coverage on Autoliv in a report on Thursday, March 6th. They set a “buy” rating for the company. Hsbc Global Res downgraded shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday, January 7th. Finally, TD Cowen initiated coverage on shares of Autoliv in a research report on Friday, March 7th. They set a “buy” rating and a $116.00 target price for the company. Nine investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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 company has a market capitalization of $7.00 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The business has a fifty day moving average price of $96.41 and a 200 day moving average price of $96.28.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

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

Insiders Place Their Bets

In other Autoliv news, EVP Per Jonas Jademyr sold 401 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total transaction of $39,638.85. Following the transaction, the executive vice president now owns 685 shares in the company, valued at $67,712.25. This trade represents a 36.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were 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. The trade was a 19.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,253 shares of company stock worth $915,534 over the last three months. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Autoliv by 10.8% in the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after buying an additional 95,888 shares during the period. JPMorgan Chase & Co. increased its position in shares of Autoliv by 38.3% in the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock worth $25,800,000 after purchasing an additional 76,510 shares during the period. Quantbot Technologies LP raised its stake in Autoliv by 1,437.4% in the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock valued at $4,855,000 after purchasing an additional 48,612 shares in the last quarter. HITE Hedge Asset Management LLC increased its holdings in Autoliv by 32.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock valued at $12,645,000 after buying an additional 33,490 shares during the period. Finally, ABC Arbitrage SA bought a new stake in shares of Autoliv during the 4th quarter worth approximately $394,000. Institutional investors and hedge funds 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.