64,910 Shares in Allison Transmission Holdings, Inc. $ALSN Purchased by Castleark Management LLC

Castleark Management LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 64,910 shares of the auto parts company's stock, valued at approximately $7,318,000. Castleark Management LLC owned about 0.08% of Allison Transmission at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALSN. Gamco Investors INC. ET AL grew its holdings in shares of Allison Transmission by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company's stock worth $758,000 after buying an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Allison Transmission by 16.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company's stock valued at $72,000 after buying an additional 105 shares during the period. Villanova Investment Management Co LLC boosted its position in Allison Transmission by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company's stock worth $2,554,000 after acquiring an additional 106 shares during the last quarter. Xponance LLC boosted its position in Allison Transmission by 2.0% during the fourth quarter. Xponance LLC now owns 5,535 shares of the auto parts company's stock worth $542,000 after acquiring an additional 107 shares during the last quarter. Finally, Evoke Wealth LLC grew its stake in Allison Transmission by 5.5% in the 4th quarter. Evoke Wealth LLC now owns 2,541 shares of the auto parts company's stock worth $249,000 after acquiring an additional 133 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Trading Up 0.3%

Shares of ALSN opened at $131.74 on Wednesday. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The firm has a market capitalization of $10.88 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 0.70 and a beta of 0.95. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The stock's fifty day simple moving average is $119.58 and its 200 day simple moving average is $119.57.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.25. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm's quarterly revenue was up 92.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Announces Dividend

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

Insider Transactions at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of the 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 owned 16,604 shares of the company's stock, valued at approximately $2,075,500. This represents a 5.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 26,708 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. The trade was a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on ALSN. JPMorgan Chase & Co. increased 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. Morgan Stanley lifted 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. Citigroup dropped their target price on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. Weiss Ratings upgraded Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company raised their price target on Allison Transmission from $127.00 to $137.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Allison Transmission presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.17.

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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