69,785 Shares of Autoliv, Inc. $ALV Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Autoliv, Inc. (NYSE:ALV) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 69,785 shares of the auto parts company’s stock, valued at approximately $7,808,000.

Several other hedge funds have also recently bought and sold shares of ALV. BlackRock Inc. acquired a new position in shares of Autoliv in the 2nd quarter valued at approximately $573,245,000. Dimensional Fund Advisors LP boosted its position in shares of Autoliv by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock worth $205,270,000 after acquiring an additional 70,424 shares in the last quarter. Wellington Management Group LLP increased its stake in Autoliv by 21.4% in the second quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company’s stock valued at $95,444,000 after acquiring an additional 145,013 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Autoliv by 19.0% in the first quarter. Bank of New York Mellon Corp now owns 565,623 shares of the auto parts company’s stock valued at $59,481,000 after acquiring an additional 90,412 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in Autoliv during the second quarter valued at approximately $33,456,000. 69.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ALV shares. Royal Bank Of Canada cut their target price on Autoliv from $147.00 to $146.00 and set an “outperform” rating for the company in a research note on Monday, October 12th. Weiss Ratings cut Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. TD Cowen downgraded Autoliv from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $148.00 to $137.00 in a research report on Tuesday, September 8th. Jefferies Financial Group reduced their price objective on Autoliv from $134.00 to $119.00 and set a “hold” rating on the stock in a research note on Tuesday, September 22nd. Finally, Wolfe Research cut Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 23rd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.92.

Autoliv Stock Up 5.3%

Shares of NYSE:ALV opened at $125.69 on Thursday. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17. The company has a market capitalization of $9.05 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.00 and a beta of 1.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.02. The company has a fifty day moving average of $117.07 and a 200-day moving average of $118.28.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, October 23rd. The auto parts company reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.04). The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.73 billion. Autoliv had a net margin of 5.62% and a return on equity of 28.89%. The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $2.32 EPS. On average, equities analysts predict that Autoliv, Inc. will post 9.98 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is presently 41.73%.

Autoliv Profile

Autoliv, Inc (NYSE: ALV) develops and manufactures automotive safety systems and components for vehicle manufacturers worldwide. The company focuses primarily on passive safety products designed to help protect occupants during a collision.

Its product portfolio includes airbags, seat belts, steering wheels, pedestrian protection systems, and associated safety electronics and control systems. Autoliv supplies these products to major automakers and supports vehicle programs across passenger cars and commercial vehicles.

Autoliv traces its roots to Sweden and has grown into an international automotive supplier with operations and customers across North America, Europe, Asia, and other major automotive markets.