Autoliv, Inc. $ALV Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its stake in Autoliv, Inc. (NYSE:ALVFree Report) by 11.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 57,115 shares of the auto parts company’s stock after selling 7,662 shares during the period. Van ECK Associates Corp’s holdings in Autoliv were worth $6,635,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Autoliv during the second quarter valued at $573,245,000. Norges Bank acquired a new position in shares of Autoliv in the 4th quarter valued at $125,609,000. Northwestern Mutual Wealth Management Co. raised its stake in Autoliv by 127,512.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock worth $68,770,000 after acquiring an additional 578,906 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Autoliv in the 2nd quarter worth $65,124,000. Finally, AQR Capital Management LLC lifted its position in Autoliv by 151.7% during the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after acquiring an additional 556,651 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the sale, the director owned 60,000 shares of the company’s stock, valued at $7,800,000. This trade represents a 24.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALV. Jefferies Financial Group upgraded Autoliv to a “hold” rating in a research note on Monday, June 15th. UBS Group lifted their target price on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. TD Cowen dropped their target price on Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.

Check Out Our Latest Stock Report on ALV

Autoliv Stock Performance

NYSE ALV opened at $121.22 on Thursday. The firm has a market capitalization of $8.88 billion, a P/E ratio of 14.28, a PEG ratio of 0.95 and a beta of 1.36. The stock has a 50-day simple moving average of $120.81 and a two-hundred day simple moving average of $117.90. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17.

Autoliv (NYSE:ALVGet Free Report) last issued its earnings results on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 EPS. On average, equities analysts forecast that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, August 28th. Autoliv’s dividend payout ratio is currently 40.99%.

About Autoliv

(Free Report)

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.

See Also

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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