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

Autoliv, Inc. (NYSE:ALV) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 2,780,000 shares, a growth of 117.2% from the May 31st total of 1,280,000 shares. Based on an average daily trading volume, of 632,300 shares, the days-to-cover ratio is presently 4.4 days. Currently, 3.4% of the company’s shares are sold short.

Autoliv Price Performance

ALV stock opened at $106.99 on Friday. The business has a 50 day simple moving average of $119.26 and a 200-day simple moving average of $114.64. The company has a market capitalization of $8.71 billion, a P/E ratio of 16.69, a PEG ratio of 0.65 and a beta of 1.65. Autoliv has a twelve month low of $83.69 and a twelve month high of $129.38. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.18. The firm had revenue of $2.62 billion during 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%. As a group, equities analysts anticipate that Autoliv will post 9.74 EPS for the current year.

Autoliv Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 13th. Mizuho lifted their price objective on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Bank of America increased their target price on Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 29th. BNP Paribas assumed coverage on Autoliv in a report on Tuesday, June 18th. They set a “neutral” rating for the company. Finally, Wells Fargo & Company dropped their price objective on Autoliv from $128.00 to $122.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $128.90.

Insider Buying and Selling at Autoliv

In related news, Director Jan Carlson sold 1,900 shares of Autoliv stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the transaction, the director now owns 77,493 shares in the company, valued at $9,822,237.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Autoliv during the fourth quarter worth about $27,000. Rise Advisors LLC grew its holdings in Autoliv by 84.1% during the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 122 shares during the period. Register Financial Advisors LLC purchased a new position in Autoliv in the first quarter worth $36,000. Parallel Advisors LLC lifted its holdings in 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 acquiring an additional 223 shares during the period. Finally, TFO Wealth Partners LLC boosted its position in shares of Autoliv by 15,425.0% during the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 617 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.