Van ECK Associates Corp Takes $2.36 Million Position in Autoliv, Inc. (NYSE:ALV)

Van ECK Associates Corp bought a new stake in Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,379 shares of the auto parts company’s stock, valued at approximately $2,356,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC increased its stake in Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after buying an additional 122 shares during the period. Fifth Third Bancorp increased its stake in Autoliv by 269.5% in the 3rd quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock worth $84,000 after buying an additional 636 shares during the period. Wahed Invest LLC increased its stake in Autoliv by 8.5% in the 3rd quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock worth $129,000 after buying an additional 105 shares during the period. Platinum Investment Management Ltd. increased its stake in Autoliv by 32.7% in the 3rd quarter. Platinum Investment Management Ltd. now owns 1,816 shares of the auto parts company’s stock worth $175,000 after buying an additional 448 shares during the period. Finally, Mutual Advisors LLC purchased a new position in Autoliv in the 4th quarter worth about $205,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

ALV has been the topic of several recent analyst reports. StockNews.com raised shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 3rd. Mizuho increased their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Barclays increased their target price on shares of Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Wells Fargo & Company increased their target price on shares of Autoliv from $126.00 to $128.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Finally, Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 12th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.90.

Autoliv Stock Up 0.1 %

NYSE:ALV opened at $123.96 on Wednesday. Autoliv, Inc. has a fifty-two week low of $79.66 and a fifty-two week high of $125.91. The stock has a market capitalization of $10.09 billion, a P/E ratio of 19.34, a P/E/G ratio of 0.77 and a beta of 1.69. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10. The company’s 50-day simple moving average is $119.13 and its 200-day simple moving average is $109.45.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, March 11th. Autoliv’s dividend payout ratio is currently 42.43%.

Insider Activity

In related news, VP Mikael Hagstrom sold 327 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total value of $35,868.63. Following the completion of the transaction, the vice president now directly owns 327 shares of the company’s stock, valued at approximately $35,868.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Mikael Bratt sold 4,226 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the completion of the transaction, the chief executive officer now directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mikael Hagstrom sold 327 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 327 shares of the company’s stock, valued at $35,868.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,606 shares of company stock worth $835,205. Corporate insiders own 0.24% 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.