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

Van ECK Associates Corp lifted its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 40.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,751 shares of the auto parts company’s stock after acquiring an additional 19,360 shares during the period. Van ECK Associates Corp owned approximately 0.09% of Autoliv worth $6,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Legend Financial Advisors Inc. lifted its stake in Autoliv by 1.8% in the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock worth $595,000 after purchasing an additional 115 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Autoliv by 0.6% in the third quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock worth $2,190,000 after buying an additional 130 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Autoliv by 3.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock valued at $391,000 after acquiring an additional 140 shares during the last quarter. UMB Bank n.a. boosted its holdings in Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 159 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Autoliv by 4.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,315 shares of the auto parts company’s stock worth $405,000 after acquiring an additional 190 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Price Performance

Shares of ALV opened at $98.21 on Tuesday. 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’s 50 day moving average is $95.71 and its two-hundred day moving average is $96.46. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month high of $129.38. The firm has a market capitalization of $7.63 billion, a PE ratio of 12.17, a P/E/G ratio of 0.69 and a beta of 1.58.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Research analysts anticipate that Autoliv, Inc. will post 9.7 earnings per share for the current year.

Analyst Ratings Changes

ALV has been the topic of a number of research analyst reports. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Robert W. Baird upped their price objective on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Hsbc Global Res downgraded shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a research report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.23.

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.