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

Raymond James Financial Inc. acquired a new stake in Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,674 shares of the auto parts company’s stock, valued at approximately $3,815,000.

Several other large investors have also recently bought and sold shares of the stock. US Bancorp DE increased its stake in Autoliv by 3.5% during the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company’s stock worth $358,000 after acquiring an additional 130 shares during the period. Todd Asset Management LLC acquired a new stake in shares of Autoliv during the 4th quarter worth $3,536,000. Bank of New York Mellon Corp raised its position in Autoliv by 3.9% during the fourth quarter. Bank of New York Mellon Corp now owns 406,348 shares of the auto parts company’s stock valued at $38,111,000 after purchasing an additional 15,202 shares in the last quarter. Impax Asset Management Group plc raised its stake in Autoliv by 9.5% during the fourth quarter. Impax Asset Management Group plc now owns 75,405 shares of the auto parts company’s stock worth $7,072,000 after acquiring an additional 6,557 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in Autoliv in the fourth quarter valued at approximately $1,107,000. 69.57% of the stock is owned by institutional investors.

Insider Transactions at Autoliv

In related news, EVP Per Jonas Jademyr sold 401 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the completion of the transaction, the executive vice president now directly owns 685 shares in the company, valued at approximately $67,712.25. The trade was a 36.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction on Tuesday, February 25th. The shares were 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 approximately $720,218.59. This represents a 19.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is currently owned by corporate insiders.

Autoliv Price Performance

Shares of NYSE ALV opened at $94.93 on Thursday. The stock’s 50 day moving average price is $95.80 and its 200-day moving average price is $95.67. The company has a market capitalization of $7.38 billion, a PE ratio of 11.76, a PEG 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 quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. On average, equities analysts anticipate 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. Stockholders of record on Friday, March 7th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv’s dividend payout ratio is presently 34.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Cowen started coverage on shares of Autoliv in a report on Thursday, March 6th. They set a “buy” rating for the company. TD Cowen started coverage on Autoliv in a research note on Friday, March 7th. They issued a “buy” rating and a $116.00 price objective on the stock. Mizuho dropped their target price on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Finally, Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a report on Tuesday, January 7th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.14.

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.