Raymond James & Associates Lowers Position in Autoliv, Inc. (NYSE:ALV)

Raymond James & Associates cut its stake in Autoliv, Inc. (NYSE:ALV) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,614 shares of the auto parts company’s stock after selling 2,640 shares during the period. Raymond James & Associates’ holdings in Autoliv were worth $3,792,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. Quarry LP lifted its holdings in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Autoliv by 427.6% during the first quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after purchasing an additional 667 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of Autoliv during the second quarter valued at approximately $156,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Trading Up 2.5 %

Shares of ALV stock opened at $95.17 on Monday. Autoliv, Inc. has a 1 year low of $89.37 and a 1 year high of $129.38. The firm has a fifty day moving average price of $95.78 and a 200-day moving average price of $106.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.83 and a beta of 1.59.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $1.66 EPS. The company’s revenue was down 1.6% on a year-over-year basis. As a group, equities analysts predict that Autoliv, Inc. will post 8.22 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is 35.42%.

Analysts Set New Price Targets

ALV has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Wolfe Research started coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target for the company. HSBC started coverage on shares of Autoliv in a research report on Monday, July 15th. They set a “buy” rating and a $134.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.77.

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.