10,237 Allison Transmission Holdings, Inc. $ALSN Shares Bought by Dudley & Shanley Inc.

Key Points

• Dudley & Shanley increased its Allison Transmission stake by 6.2%, buying 10,237 shares to hold 175,274 shares valued at approximately $19.9 million. Institutional investors collectively own 96.9% of the company.
• Allison reported quarterly EPS of $2.73, exceeding estimates of $2.48, while revenue rose 92.4% year over year to $1.57 billion. The company also pays a $0.29 quarterly dividend, equating to a 1.0% yield.
• ALSN recently traded at $116.22, below its 52-week high of $137.62. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $133.00, although insiders recently sold shares.

Dudley & Shanley Inc. increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 6.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 175,274 shares of the auto parts company's stock after purchasing an additional 10,237 shares during the period. Allison Transmission accounts for 3.2% of Dudley & Shanley Inc.'s investment portfolio, making the stock its 15th largest position. Dudley & Shanley Inc. owned about 0.21% of Allison Transmission worth $19,852,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in ALSN. BlackRock Inc. purchased a new stake in Allison Transmission during the second quarter valued at about $448,232,000. Stockbridge Partners LLC purchased a new position in shares of Allison Transmission during the 2nd quarter valued at about $169,108,000. First Trust Advisors LP lifted its position in Allison Transmission by 85.2% in the 1st quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company's stock worth $237,234,000 after buying an additional 932,201 shares during the last quarter. Wasatch Advisors LP boosted its stake in Allison Transmission by 105.7% in the second quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company's stock worth $170,293,000 after buying an additional 776,169 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Allison Transmission during the second quarter valued at approximately $83,110,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Up 0.4%

ALSN stock traded up $0.47 during midday trading on Tuesday, hitting $116.22. The company's stock had a trading volume of 200,627 shares, compared to its average volume of 938,445. The firm has a 50-day simple moving average of $122.32 and a 200-day simple moving average of $120.31. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The firm has a market capitalization of $9.60 billion, a P/E ratio of 18.48, a PEG ratio of 0.62 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The company's quarterly revenue was up 92.4% on a year-over-year basis. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 10.27 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Allison Transmission's dividend payout ratio (DPR) is 18.44%.

Insider Activity

In related news, insider Eric Scroggins sold 1,050 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Graziosi sold 26,708 shares of Allison Transmission stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the sale, the chief executive officer directly owned 304,843 shares of the company's stock, valued at $40,534,973.71. This trade represents a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ALSN. Morgan Stanley raised their price target on Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, July 17th. Citigroup lowered their price target on shares of Allison Transmission from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. Weiss Ratings raised shares of Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Freedom Broker initiated coverage on shares of Allison Transmission in a research report on Friday. They issued a "buy" rating and a $144.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Allison Transmission currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.00.

Allison Transmission Profile

Allison Transmission Holdings, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and defense vehicles. Its products are used in a broad range of applications, including refuse and construction trucks, buses, distribution vehicles, emergency vehicles, motorhomes, and off-highway equipment.

The company's portfolio includes conventional automatic transmissions, hybrid-electric propulsion systems, and electric axles and other solutions intended to support vehicle electrification.

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