Raymond James Financial Inc. Invests $3.82 Million in Autoliv, Inc. (NYSE:ALV)

Raymond James Financial Inc. purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 40,674 shares of the auto parts company's stock, valued at approximately $3,815,000. Raymond James Financial Inc. owned approximately 0.05% of Autoliv as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. lifted its position in shares of Autoliv by 139.5% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock worth $26,000 after purchasing an additional 159 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of Autoliv during the fourth quarter worth about $50,000. Physician Wealth Advisors Inc. acquired a new position in shares of Autoliv in the fourth quarter worth about $57,000. Finally, CIBC Asset Management Inc boosted its holdings in Autoliv by 5.2% in 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. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Price Performance

NYSE ALV traded up $0.58 on Friday, reaching $93.85. The company's stock had a trading volume of 111,283 shares, compared to its average volume of 814,882. The firm's 50 day moving average is $89.54 and its two-hundred day moving average is $94.13. The stock has a market cap of $7.25 billion, a PE ratio of 11.64, a PEG ratio of 0.73 and a beta of 1.35. 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 twelve month low of $75.49 and a twelve month high of $129.38.

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

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 2.98%. Autoliv's dividend payout ratio is currently 32.22%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALV. Pareto Securities downgraded shares of Autoliv to a "hold" rating in a research report on Monday, February 3rd. 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 research report on Tuesday, January 7th. TD Cowen assumed coverage on shares of Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 price target on the stock. Wells Fargo & Company cut their price objective on Autoliv from $84.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Cowen started coverage on Autoliv in a research report on Thursday, March 6th. They issued a "buy" rating for the company. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

Insiders Place Their Bets

In other news, CEO Mikael Bratt sold 5,760 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the sale, the chief executive officer now owns 23,307 shares in the company, valued at $2,305,062.30. This represents a 19.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Magnus Jarlegren sold 1,289 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total value of $127,391.87. Following the completion of the sale, the insider now directly owns 6,142 shares of the company's stock, valued at approximately $607,013.86. This trade represents a 17.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,253 shares of company stock worth $915,534. Company insiders own 0.20% of the company's stock.

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.