Van ECK Associates Corp Acquires 13,827 Shares of Autoliv, Inc. (NYSE:ALV)

Van ECK Associates Corp grew its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 40.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,391 shares of the auto parts company's stock after acquiring an additional 13,827 shares during the quarter. Van ECK Associates Corp owned 0.06% of Autoliv worth $4,670,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ALV. GAMMA Investing LLC lifted its holdings in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock worth $28,000 after purchasing an additional 101 shares during the last quarter. Quarry LP boosted its position in shares of Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock valued at $39,000 after acquiring an additional 207 shares during the period. Headlands Technologies LLC increased its position in Autoliv by 427.6% during the first quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company's stock worth $99,000 after acquiring an additional 667 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock worth $102,000 after purchasing an additional 117 shares in the last quarter. Finally, Smithfield Trust Co boosted its holdings in Autoliv by 12.1% in the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company's stock valued at $160,000 after purchasing an additional 144 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Trading Down 0.8 %

ALV stock traded down $0.75 during trading on Friday, hitting $98.84. The company had a trading volume of 758,881 shares, compared to its average volume of 707,218. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The business has a 50-day moving average of $95.34 and a 200-day moving average of $105.49. The stock has a market cap of $7.78 billion, a PE ratio of 12.87, a PEG ratio of 0.85 and a beta of 1.59.

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

Autoliv Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.75%. Autoliv's dividend payout ratio is currently 35.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. HSBC began coverage on Autoliv in a research note on Monday, July 15th. They issued a "buy" rating and a $134.00 price target for the company. Citigroup decreased their target price on Autoliv from $119.00 to $108.00 and set a "neutral" rating on the stock in a research report on Monday, July 22nd. Barclays dropped their target price on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, October 15th. Hsbc Global Res upgraded shares of Autoliv to a "strong-buy" rating in a research report on Monday, July 15th. Finally, Robert W. Baird raised their target price on shares of Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Autoliv currently has a consensus rating of "Moderate Buy" and an average price target 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.