Allison Transmission Holdings, Inc. (NYSE:ALSN) Stake Boosted by Kendall Capital Management

Kendall Capital Management lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 32.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,160 shares of the auto parts company's stock after acquiring an additional 3,230 shares during the quarter. Kendall Capital Management's holdings in Allison Transmission were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. FMR LLC grew its stake in Allison Transmission by 1.9% in the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock valued at $1,404,025,000 after purchasing an additional 247,318 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Allison Transmission by 3.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock valued at $286,683,000 after buying an additional 76,840 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after buying an additional 1,785,687 shares during the last quarter. Norges Bank acquired a new position in Allison Transmission in the fourth quarter worth approximately $108,916,000. Finally, Federated Hermes Inc. raised its position in Allison Transmission by 3.9% during the fourth quarter. Federated Hermes Inc. now owns 956,691 shares of the auto parts company's stock valued at $103,380,000 after acquiring an additional 36,065 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ALSN shares. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Raymond James Financial decreased their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Morgan Stanley raised their target price on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Citigroup reduced their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Finally, Bank of America increased their price objective on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a report on Monday, June 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $99.00.

Allison Transmission Stock Up 0.6%

Allison Transmission stock opened at $94.69 on Monday. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 10.96 and a beta of 1.00. The firm has a fifty day moving average price of $98.46 and a two-hundred day moving average price of $102.13. Allison Transmission Holdings, Inc. has a fifty-two week low of $73.80 and a fifty-two week high of $122.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.26. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The business had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. During the same quarter in the previous year, the firm earned $1.90 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. As a group, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.14%. Allison Transmission's payout ratio is 12.50%.

Insider Buying and Selling

In other news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president now directly owns 11,924 shares in the company, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP John Coll sold 1,788 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. The trade was a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.

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