Raymond James Financial Inc. Makes New Investment in Autoliv, Inc. (NYSE:ALV)

Raymond James Financial Inc. acquired a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 159 shares during the last quarter. Fred Alger Management LLC purchased a new stake in shares of Autoliv during the 3rd quarter valued at approximately $45,000. CIBC Asset Management Inc lifted 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 acquiring an additional 124 shares during the last quarter. Blueshift Asset Management LLC grew its position in Autoliv by 14.6% in the third quarter. Blueshift Asset Management LLC now owns 2,629 shares of the auto parts company's stock worth $245,000 after acquiring an additional 334 shares during the period. Finally, Qsemble Capital Management LP purchased a new position in shares of Autoliv during the 3rd quarter worth $284,000. Hedge funds and other institutional investors own 69.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised Autoliv from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. TD Cowen started coverage on shares of Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 price objective for the company. Mizuho dropped their price target on shares of Autoliv from $115.00 to $112.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Hsbc Global Res cut Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, HSBC downgraded shares of Autoliv from a "buy" rating to a "hold" rating and reduced their price target for the company from $109.00 to $100.00 in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Autoliv presently has an average rating of "Moderate Buy" and a consensus target price of $117.14.

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Autoliv Trading Down 2.6 %

ALV stock traded down $2.36 on Friday, hitting $89.18. 920,704 shares of the company were exchanged, compared to its average volume of 778,610. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. Autoliv, Inc. has a twelve month low of $87.55 and a twelve month high of $129.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The business's fifty day moving average is $95.49 and its two-hundred day moving average is $95.61.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, research analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.14%. Autoliv's dividend payout ratio (DPR) is 34.70%.

Insider Transactions at Autoliv

In other news, CEO Mikael Bratt sold 5,760 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the sale, the chief executive officer now directly owns 23,307 shares of the company's stock, valued at $2,305,062.30. This represents a 19.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the transaction, the chief financial officer now directly owns 7,261 shares in the company, valued at $720,218.59. This represents a 19.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock valued at $915,534 in the last quarter. Insiders own 0.20% of the company's stock.

About Autoliv

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.