Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has increased its holdings in Allison Transmission Holdings by 12.4%, now owning approximately 206,109 shares worth around $19.7 million.
• Allison Transmission reported an EPS of $2.23 for the last quarter, surpassing analysts' expectations of $1.97, but revenue decreased by 2.9% year-over-year.
• The company recently declared a quarterly dividend of $0.27 per share, resulting in a dividend yield of 1.2% and a payout ratio of 12.50%.

Natixis Advisors LLC raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 12.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,109 shares of the auto parts company's stock after acquiring an additional 22,685 shares during the quarter. Natixis Advisors LLC owned 0.24% of Allison Transmission worth $19,718,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Transce3nd LLC bought a new position in Allison Transmission in the 4th quarter valued at about $25,000. Vermillion Wealth Management Inc. acquired a new position in Allison Transmission during the 4th quarter valued at $31,000. SRH Advisors LLC lifted its holdings in shares of Allison Transmission by 95.0% during the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after acquiring an additional 228 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Allison Transmission by 363.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after buying an additional 392 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new position in Allison Transmission in the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ALSN shares. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Morgan Stanley boosted their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Citigroup decreased their price objective on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Bank of America boosted their price objective on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, Robert W. Baird cut their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $98.38.

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the transaction, the vice president owned 11,924 shares in the company, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

Allison Transmission stock traded down $0.75 during trading on Thursday, reaching $87.52. The company had a trading volume of 381,772 shares, compared to its average volume of 797,061. The company has a current ratio of 3.05, a quick ratio of 2.37 and a debt-to-equity ratio of 1.44. The firm's 50-day simple moving average is $94.06 and its 200 day simple moving average is $98.28. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 9.95 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52 week low of $80.39 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.09. The company had revenue of $814.00 million for the quarter, compared to analysts' expectations of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 46.30%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $2.13 EPS. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Company Profile

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.