Autoliv, Inc. (NYSE:ALV) Short Interest Update

Autoliv, Inc. (NYSE:ALV) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 2,780,000 shares, an increase of 117.2% from the May 31st total of 1,280,000 shares. Currently, 3.4% of the shares of the stock are short sold. Based on an average daily volume of 632,300 shares, the short-interest ratio is presently 4.4 days.

Insiders Place Their Bets

In other news, Director Jan Carlson sold 1,900 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the sale, the director now owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. bought a new position in Autoliv during the fourth quarter valued at approximately $27,000. Rise Advisors LLC grew its position in Autoliv by 84.1% during the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 122 shares during the last quarter. Register Financial Advisors LLC bought a new position in Autoliv during the first quarter valued at approximately $36,000. Parallel Advisors LLC grew its position in Autoliv by 83.8% during the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after acquiring 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 valued at $68,000 after purchasing an additional 617 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on ALV. BNP Paribas began coverage on Autoliv in a research note on Tuesday, June 18th. They issued a “neutral” rating for the company. Mizuho upped their target price on Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. upped their target price on Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Barclays upped their target price on Autoliv from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Finally, UBS Group upgraded Autoliv from a “neutral” rating to a “buy” rating and upped their target price for the company from $102.00 to $141.00 in a research report on Tuesday, May 28th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Autoliv currently has a consensus rating of “Hold” and an average price target of $128.90.

Autoliv Stock Up 0.7 %

ALV stock opened at $106.99 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $119.26 and its 200 day moving average is $114.64. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 0.65 and a beta of 1.65. Autoliv has a 1-year low of $83.69 and a 1-year high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.18. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. Sell-side analysts predict that Autoliv will post 9.74 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Thursday, May 23rd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Wednesday, May 22nd. Autoliv’s dividend payout ratio (DPR) is 42.43%.

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.