Mirae Asset Global Investments Co. Ltd. Acquires Shares of 59,043 Autoliv, Inc. (NYSE:ALV)

Mirae Asset Global Investments Co. Ltd. bought a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 59,043 shares of the auto parts company's stock, valued at approximately $5,268,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Autoliv as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Autoliv by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 406,348 shares of the auto parts company's stock valued at $38,111,000 after acquiring an additional 15,202 shares during the last quarter. US Bancorp DE increased its stake in Autoliv by 3.5% in the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock valued at $358,000 after purchasing an additional 130 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Autoliv during the fourth quarter worth approximately $3,815,000. Callan Family Office LLC acquired a new stake in Autoliv during the fourth quarter worth approximately $326,000. Finally, AlphaQuest LLC lifted its position in shares of Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ALV. BNP Paribas Exane raised Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 target price for the company in a research report on Friday, May 9th. Jefferies Financial Group started coverage on Autoliv in a research note on Wednesday. They issued a "buy" rating and a $140.00 price target on the stock. TD Cowen began coverage on Autoliv in a report on Friday, March 7th. They issued a "buy" rating and a $116.00 target price for the company. Barclays raised their price objective on shares of Autoliv from $97.00 to $105.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Cowen began coverage on shares of Autoliv in a research report on Thursday, March 6th. They set a "buy" rating for the company. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $117.06.

Insider Buying and Selling at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total value of $168,437.60. Following the transaction, the director owned 77,493 shares of the company's stock, valued at approximately $8,394,041.76. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Autoliv Stock Performance

Shares of NYSE ALV traded down $0.63 during trading on Thursday, reaching $117.71. The stock had a trading volume of 303,230 shares, compared to its average volume of 808,355. The firm's 50 day moving average price is $103.34 and its two-hundred day moving average price is $96.37. Autoliv, Inc. has a one year low of $75.49 and a one year high of $118.35. The stock has a market cap of $9.10 billion, a PE ratio of 13.53, a P/E/G ratio of 1.95 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.97.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.43. Autoliv had a return on equity of 30.47% and a net margin of 6.63%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business earned $1.58 EPS. On average, research analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.89%. This is an increase from Autoliv's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, September 5th. Autoliv's payout ratio is 32.22%.

Autoliv announced that its Board of Directors has initiated a stock repurchase program on Wednesday, June 4th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the auto parts company to purchase up to 31.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Autoliv Company Profile

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.