Raymond James & Associates Has $3.71 Million Holdings in Autoliv, Inc. (NYSE:ALV)

Raymond James & Associates raised its position in Autoliv, Inc. (NYSE:ALV) by 17.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,705 shares of the auto parts company’s stock after purchasing an additional 4,891 shares during the quarter. Raymond James & Associates’ holdings in Autoliv were worth $3,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its position in Autoliv by 84.1% in the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after buying an additional 122 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Autoliv during the third quarter worth approximately $46,000. New York State Common Retirement Fund acquired a new position in shares of Autoliv during the first quarter worth approximately $49,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Autoliv during the second quarter worth approximately $72,000. Finally, Fifth Third Bancorp lifted its position in shares of Autoliv by 269.5% during the third quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock worth $84,000 after purchasing an additional 636 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Down 2.2 %

Shares of NYSE:ALV opened at $115.26 on Friday. Autoliv, Inc. has a 52 week low of $79.66 and a 52 week high of $124.38. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.73 and a current ratio of 0.98. The company has a market capitalization of $9.39 billion, a PE ratio of 20.05, a PEG ratio of 0.76 and a beta of 1.72. The company has a 50 day moving average price of $116.38 and a two-hundred day moving average price of $106.42.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 26th. The auto parts company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.37 by $0.37. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the prior year, the firm earned $1.83 earnings per share. The business’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts forecast that Autoliv, Inc. will post 9.7 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.36%. The ex-dividend date was Monday, March 11th. Autoliv’s payout ratio is presently 47.30%.

Insider Buying and Selling at Autoliv

In other Autoliv news, insider Colin Naughton sold 782 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $110.68, for a total value of $86,551.76. Following the completion of the sale, the insider now owns 5,594 shares of the company’s stock, valued at $619,143.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Mikael Hagstrom sold 327 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now owns 327 shares of the company’s stock, valued at $35,868.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Colin Naughton sold 782 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total transaction of $86,551.76. Following the sale, the insider now directly owns 5,594 shares of the company’s stock, valued at approximately $619,143.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,388 shares of company stock valued at $921,757. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ALV shares. Barclays upped their target price on shares of Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wolfe Research lowered shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, January 12th. Mizuho increased their price objective on shares of Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Wells Fargo & Company increased their price objective on shares of Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Autoliv currently has an average rating of “Hold” and a consensus price target of $115.18.

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.