Van ECK Associates Corp Acquires 19,360 Shares of Autoliv, Inc. (NYSE:ALV)

Van ECK Associates Corp raised its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,751 shares of the auto parts company's stock after buying an additional 19,360 shares during the quarter. Van ECK Associates Corp owned about 0.09% of Autoliv worth $6,354,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock worth $26,000 after purchasing an additional 159 shares during the period. Fred Alger Management LLC bought a new stake in shares of Autoliv in the third quarter valued at about $45,000. Farther Finance Advisors LLC lifted its holdings in shares of Autoliv by 2,115.5% in the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company's stock valued at $213,000 after purchasing an additional 2,179 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Autoliv during the third quarter worth about $222,000. Finally, Blueshift Asset Management LLC grew its holdings in shares of Autoliv by 14.6% during the third quarter. Blueshift Asset Management LLC now owns 2,629 shares of the auto parts company's stock worth $245,000 after buying an additional 334 shares in the last quarter. Institutional investors own 69.57% of the company's stock.

Autoliv Price Performance

Autoliv stock traded down $1.68 during midday trading on Friday, reaching $97.41. The company's stock had a trading volume of 860,801 shares, compared to its average volume of 778,065. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock has a market cap of $7.57 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.73 and a beta of 1.58. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week high of $129.38. The business has a 50-day moving average price of $95.74 and a 200-day moving average price of $96.54.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share (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, sell-side analysts predict that Autoliv, Inc. will post 9.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on ALV. Mizuho cut their target price on Autoliv from $115.00 to $112.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Hsbc Global Res lowered shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. HSBC downgraded shares of Autoliv from a "buy" rating to a "hold" rating and decreased their target price for the company from $109.00 to $100.00 in a research report on Tuesday, February 4th. Daiwa America raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective for the company in a report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $117.23.

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.