Raymond James Financial Inc. Takes Position in Autoliv, Inc. (NYSE:ALV)

Raymond James Financial Inc. bought a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 40,674 shares of the auto parts company's stock, valued at approximately $3,815,000. Raymond James Financial Inc. owned about 0.05% of Autoliv at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALV. Legend Financial Advisors Inc. increased its holdings in shares of Autoliv by 1.8% in the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock valued at $595,000 after acquiring an additional 115 shares during the last quarter. CIBC Asset Management Inc increased its stake in Autoliv by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock valued at $235,000 after purchasing an additional 124 shares during the last quarter. US Bancorp DE raised its holdings in shares of Autoliv by 3.5% during the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock worth $358,000 after purchasing an additional 130 shares during the period. AlphaQuest LLC lifted its position in shares of Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after buying an additional 134 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Autoliv by 3.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company's stock valued at $391,000 after buying an additional 140 shares during the period. Institutional investors own 69.57% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ALV. Cowen started coverage on Autoliv in a research report on Thursday, March 6th. They issued a "buy" rating on the stock. Robert W. Baird dropped their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. StockNews.com upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Mizuho dropped their price target on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Finally, Hsbc Global Res downgraded Autoliv from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Autoliv currently has an average rating of "Moderate Buy" and an average price target of $112.00.

Autoliv Stock Up 0.1 %

Shares of NYSE ALV traded up $0.13 during trading hours on Wednesday, hitting $93.31. The stock had a trading volume of 672,431 shares, compared to its average volume of 816,062. The company has a market capitalization of $7.21 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.73 and a beta of 1.47. The firm's 50-day moving average price is $89.72 and its two-hundred day moving average price is $94.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.72 by $0.43. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same period in the previous year, the firm posted $1.58 earnings per share. Analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a $0.70 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.00%. Autoliv's dividend payout ratio is currently 32.22%.

Insider Transactions at Autoliv

In related news, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the sale, the chief financial officer now owns 7,261 shares in the company, valued at $720,218.59. This represents a 19.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Per Jonas Jademyr sold 401 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the completion of the transaction, the executive vice president now directly owns 685 shares in the company, valued at approximately $67,712.25. This represents a 36.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is owned by corporate insiders.

Autoliv 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.