Van ECK Associates Corp Sells 7,662 Shares of Autoliv, Inc. $ALV

Van ECK Associates Corp reduced its position in shares of Autoliv, Inc. (NYSE:ALV) by 11.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,115 shares of the auto parts company’s stock after selling 7,662 shares during the quarter. Van ECK Associates Corp owned approximately 0.08% of Autoliv worth $6,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. IFP Advisors Inc lifted its stake in shares of Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Autoliv by 863.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 190 shares during the last quarter. Quarry LP bought a new position in Autoliv in the 3rd quarter worth about $36,000. Johnson Financial Group Inc. bought a new position in shares of Autoliv in the third quarter worth approximately $37,000. Finally, Allworth Financial LP lifted its position in Autoliv by 298.8% in the 4th quarter. Allworth Financial LP now owns 327 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Transactions at Autoliv

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the sale, the director directly owned 60,000 shares in the company, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by corporate insiders.

Autoliv Stock Up 1.7%

Shares of NYSE:ALV opened at $121.22 on Thursday. The business has a 50 day simple moving average of $120.81 and a two-hundred day simple moving average of $117.90. Autoliv, Inc. has a 1 year low of $99.16 and a 1 year high of $132.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79. The firm has a market capitalization of $8.88 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.95 and a beta of 1.36.

Autoliv (NYSE:ALV) 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). Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company earned $2.21 earnings per share. Autoliv’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Autoliv, Inc. will post 10.04 EPS for the current year.

Autoliv Dividend Announcement

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

Wall Street Analysts Forecast Growth

ALV has been the subject of several recent analyst reports. TD Cowen decreased their price target on Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, July 20th. UBS Group increased their price objective on shares of Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Wells Fargo & Company raised their target price on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Royal Bank Of Canada lowered their price target on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.93.

Autoliv Company Profile

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.