Highland Capital Management LLC Invests $512,000 in Autoliv, Inc. (NYSE:ALV)

Highland Capital Management LLC purchased a new position in shares of Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,650 shares of the auto parts company’s stock, valued at approximately $512,000.

Other large investors have also modified their holdings of the company. Rise Advisors LLC increased its holdings in shares of Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 122 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Autoliv during the third quarter worth $46,000. New York State Common Retirement Fund acquired a new position in Autoliv in the first quarter worth $49,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Autoliv during the second quarter valued at $72,000. Finally, Fifth Third Bancorp grew 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 acquiring an additional 636 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Up 0.9 %

ALV stock opened at $122.09 on Thursday. The company has a 50 day moving average of $113.24 and a two-hundred day moving average of $104.62. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 0.78 and a beta of 1.71. Autoliv, Inc. has a 12-month low of $79.66 and a 12-month high of $124.38. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.52.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.37. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the company earned $1.83 earnings per share. Autoliv’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities analysts anticipate that Autoliv, Inc. will post 9.75 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.23%. Autoliv’s dividend payout ratio is currently 47.30%.

Insider Buying and Selling

In other news, VP Mikael Hagstrom sold 327 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was 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 in the company, valued at approximately $35,868.63. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Mikael Hagstrom sold 327 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the transaction, the vice president now owns 327 shares of the company’s stock, valued at approximately $35,868.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Fredrik Westin sold 1,318 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total value of $144,887.74. Following the completion of the sale, the chief financial officer now directly owns 5,458 shares in the company, valued at approximately $599,997.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,388 shares of company stock worth $921,757. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ALV. Wells Fargo & Company lifted their price objective on shares of Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Mizuho raised their target price on Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Monday. Barclays lifted their price objective on shares of Autoliv from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Wolfe Research lowered shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Finally, Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 12th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $114.00.

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.