LPL Financial LLC Grows Stock Position in Autoliv, Inc. (NYSE:ALV)

LPL Financial LLC boosted its stake in shares of Autoliv, Inc. (NYSE:ALV) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,655 shares of the auto parts company’s stock after purchasing an additional 192 shares during the quarter. LPL Financial LLC’s holdings in Autoliv were worth $906,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lancaster Investment Management grew its position in shares of Autoliv by 17.7% during the fourth quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company’s stock worth $53,350,000 after buying an additional 85,732 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Autoliv by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock worth $25,800,000 after acquiring an additional 76,510 shares in the last quarter. Mondrian Investment Partners LTD grew its holdings in Autoliv by 4.5% during the 4th quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company’s stock worth $133,259,000 after acquiring an additional 59,592 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Autoliv in the 4th quarter valued at approximately $3,815,000. Finally, Todd Asset Management LLC acquired a new stake in shares of Autoliv in the 4th quarter valued at $3,536,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. HSBC downgraded shares of Autoliv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $109.00 to $100.00 in a research note on Tuesday, February 4th. Robert W. Baird lowered their price objective on Autoliv from $105.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a report on Tuesday, January 7th. Finally, Pareto Securities lowered shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. Eight equities research 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $112.64.

Autoliv Price Performance

Shares of NYSE:ALV opened at $86.40 on Monday. Autoliv, Inc. has a one year low of $75.49 and a one year high of $129.38. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.73 and a beta of 1.47. The company has a 50-day simple moving average of $90.74 and a 200-day simple moving average of $94.34. 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 (NYSE:ALV) last issued its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.43. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same quarter in the previous year, the firm posted $1.58 EPS. On average, analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm 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 dividend yield of 3.24%. Autoliv’s dividend payout ratio (DPR) is presently 32.22%.

Insider Buying and Selling

In related news, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the transaction, the insider now directly owns 6,142 shares of the company’s stock, valued at approximately $607,013.86. The trade was a 17.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mikael Bratt sold 5,760 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were 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 directly owns 23,307 shares in the company, valued at $2,305,062.30. This trade represents a 19.82 % 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 over the last quarter. 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.