Van ECK Associates Corp Has $6.35 Million Position in Autoliv, Inc. (NYSE:ALV)

Van ECK Associates Corp grew its stake in Autoliv, Inc. (NYSE:ALV) by 40.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,751 shares of the auto parts company’s stock after purchasing an additional 19,360 shares during the period. Van ECK Associates Corp’s holdings in Autoliv were worth $6,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Autoliv by 6.1% during the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after acquiring an additional 376,665 shares during the period. Swedbank AB boosted its stake in shares of Autoliv by 8.7% in the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after purchasing an additional 205,241 shares during the last quarter. Geode Capital Management LLC grew its holdings in Autoliv by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after acquiring an additional 95,888 shares during the period. Wellington Management Group LLP lifted its stake in shares of Autoliv by 21.2% in the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock valued at $85,008,000 after purchasing an additional 159,067 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Autoliv by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company’s stock worth $45,530,000 after purchasing an additional 4,060 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ALV. 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 note on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Robert W. Baird upped their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res cut shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $117.23.

Autoliv Stock Performance

NYSE ALV opened at $98.21 on Tuesday. The company has a market cap of $7.63 billion, a P/E ratio of 12.17, a PEG ratio of 0.69 and a beta of 1.58. The company has a fifty day simple moving average of $95.71 and a 200 day simple moving average of $96.46. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 12-month low of $89.51 and a 12-month high of $129.38.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Autoliv, Inc. will post 9.7 earnings per share for the current fiscal year.

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.