May 20, 2023 – MQS Management LLC has recently disclosed its new acquisition of 6,500 shares in Autoliv, Inc. (NYSE:ALV). The company’s stock price currently values at approximately $498,000, which is a significant amount for any institution. Autoliv has been making headlines with its impressive earnings data and revenue generation.
The auto parts company had announced its quarterly earnings data on April 21st, 2023, where it reported an EPS of $0.90, exceeding analysts’ expectations by $0.09. Its revenue during the quarter was also higher than the consensus estimate of $2.32 billion, standing at a staggering $2.49 billion. Additionally, the company had experienced growth of 17.4% year-over-year in terms of quarterly revenue.
Autoliv’s financial performance showcased that it held a net margin of 4.51% and registered return on equity (ROE) at 16.30%. Industry insiders are confident about Autoliv’s future prospects and predict that it will post an EPS of 6.39 for this fiscal year.
It doesn’t end there; insider Magnus Jarlegren sold off 402 shares last February for an estimated value of $36,847.32 to acquire more than four thousand shares from the proceedings worth over $383k following the completion of the deal.
Moreover, Director Jan Carlson sold around two thousand six hundred shares in a separate transaction last May reaching a total value nearing $232,593.72 while owning over seventy-seven thousand shares post-transaction worth approximately $6 million.
Summing up the latest disclosures by Autoliv regarding corporate insider sell-offs where they sold off over four thousand five hundred stocks worth more than four hundred sixteen thousand dollars within ninety days highlights investor excitement with its recent earnings data despite their board members taking profits by selling off their stakes in the company.
To sum it up, Autoliv has experienced impressive growth through enhancing a segment that primarily sells auto safety parts. Its notable earnings and revenue metrics are keeping its investors’ interest intact, even with some corporate executives taking profits off the table. Investors have their eyes fixed on Autoliv and will keep observing its every move with heightened anticipation.
Investment and Insider Activity at Autoliv: A Look into Recent Transactions[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”ALV” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]
Autoliv: A Look at Recent Investment Activity and Insider Transactions
Autoliv, Inc. (ALV) has recently seen an increase in investment activity from several large investors, as well as insider selling. BlackRock Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, Tweedy Browne Co LLC, and Assenagon Asset Management S.A. have all added to their stakes in the company within the past year. As of May 20, 2023, hedge funds and other institutional investors own approximately 46.63% of Autoliv’s stock.
The auto parts company’s stock traded up $0.24 during trading hours on Friday, reaching $87.47. The stock has a market cap of $7.51 billion, a P/E ratio of 18.25, a P/E/G ratio of 0.60 and a beta of 1.70. Autoliv’s 50 day moving average is $88.50 and its 200 day moving average is $86.18.
Insider selling has also occurred within the past few months at Autoliv by two individuals – Magnus Jarlegren and Jan Carlson – each selling just over two thousand shares of the stock for significant profits.
Despite some sporadic insider selling activity and mixed analyst opinions – with some regarding it as neutral-to-bearish – many investors still remain confident in Autoliv given recent buying activity by hedge funds; portfolio managers firmly believe that there is still money to be made in investing in this market stronghold through acquisitions or organic growth opportunities.