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

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Autoliv, Inc. (NYSE:ALV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 69,785 shares of the auto parts company’s stock, valued at approximately $7,808,000. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Autoliv as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Autoliv during the 2nd quarter worth approximately $573,245,000. Dimensional Fund Advisors LP raised its stake in Autoliv by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock valued at $205,270,000 after acquiring an additional 70,424 shares during the period. Wellington Management Group LLP lifted its holdings in Autoliv by 21.4% during the 2nd quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company’s stock valued at $95,444,000 after purchasing an additional 145,013 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Autoliv during the 2nd quarter valued at $65,124,000. Finally, ABN AMRO Bank N.V. acquired a new stake in Autoliv during the 2nd quarter valued at $33,456,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Autoliv Trading Up 5.3%

Shares of Autoliv stock opened at $125.69 on Thursday. 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 firm has a 50-day moving average of $117.07 and a 200-day moving average of $118.28. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17. The stock has a market cap of $9.05 billion, a PE ratio of 15.07, a PEG ratio of 1.00 and a beta of 1.36.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, October 23rd. The auto parts company reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.04). The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a return on equity of 28.89% and a net margin of 5.62%. Autoliv’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.32 earnings per share. As a group, sell-side analysts forecast that Autoliv, Inc. will post 9.98 EPS for the current year.

Autoliv Dividend Announcement

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

About Autoliv

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.