9,291 Shares in Allison Transmission Holdings, Inc. $ALSN Purchased by Vise Technologies Inc.

Key Points

• Vise Technologies purchased 9,291 Allison Transmission shares valued at approximately $1.05 million, while institutional investors collectively own 96.9% of the company.
• Allison reported quarterly earnings of $2.73 per share, beating estimates by $0.25, as revenue rose 92.4% year over year to $1.57 billion.
• The company declared a quarterly dividend of $0.29 per share, equivalent to an annualized $1.16 payout and a 0.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $131.17.

Vise Technologies Inc. bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,291 shares of the auto parts company's stock, valued at approximately $1,047,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of Allison Transmission during the first quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Allison Transmission in the first quarter worth $27,000. Cassaday & Co Wealth Management LLC bought a new position in Allison Transmission in the 1st quarter valued at about $28,000. Larson Financial Group LLC increased its stake in Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 263 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Allison Transmission by 2,112.5% during the 4th 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 in the last quarter. Institutional investors own 96.90% of the company's stock.

Insiders Place Their Bets

In related news, insider Eric C. Scroggins sold 1,050 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the transaction, the insider directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

Shares of ALSN opened at $133.41 on Friday. The firm has a market cap of $11.02 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The business's 50 day moving average price is $119.13 and its two-hundred day moving average price is $119.24. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping 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 business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the company posted $2.29 earnings per share. The business's quarterly revenue was up 92.4% on a year-over-year basis. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Announces Dividend

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

Analyst Ratings Changes

ALSN has been the topic of a number of research reports. Citigroup reduced their price objective on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Morgan Stanley increased their target price 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 raised Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. 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 report on Monday, July 13th. Finally, 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 note on Wednesday, May 6th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $131.17.

About Allison Transmission

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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