19,714 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by Paralel Advisors LLC

Key Points

• Paralel Advisors acquired 19,714 Allison Transmission shares worth approximately $2.22 million in the second quarter. Institutional investors collectively own 96.9% of ALSN.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $131.17, although several firms maintained neutral ratings while adjusting targets between $125 and $145.
• Allison reported quarterly earnings of $2.73 per share and revenue of $1.57 billion, exceeding estimates, while revenue rose 92.4% year over year. The company declared a quarterly dividend of $0.29 per share, yielding about 0.9% annually.

Paralel Advisors LLC acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 19,714 shares of the auto parts company's stock, valued at approximately $2,223,000.

Several other hedge funds have also added to or reduced their stakes in ALSN. Millstone Evans Group LLC bought a new position in Allison Transmission in the 1st quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new stake in Allison Transmission during the 1st quarter valued at about $27,000. Cassaday & Co Wealth Management LLC bought a new stake in Allison Transmission during the 1st quarter valued at about $28,000. Larson Financial Group LLC increased its stake in Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company's stock worth $35,000 after buying an additional 338 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Citigroup cut their price target on shares of Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. Wells Fargo & Company upped their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. Morgan Stanley upped their price objective on Allison Transmission from $126.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, July 17th. Weiss Ratings upgraded Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. boosted their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.17.

Insider Activity

In related news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the sale, the insider owned 16,604 shares of the company's stock, valued at $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $129.26 on Friday. The company has a 50 day moving average price of $118.81 and a 200-day moving average price of $119.14. 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 $10.67 billion, a PE ratio of 20.55, a P/E/G ratio of 0.67 and a beta of 0.95. 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 (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The firm's revenue for the quarter was up 92.4% compared to the same quarter last year. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission's dividend payout ratio (DPR) is 18.44%.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company's products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison's core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.

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