Natixis Advisors LLC Boosts Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

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

Other large investors also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new stake in Allison Transmission in the 4th quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new stake in Allison Transmission in the 4th quarter valued at $31,000. SRH Advisors LLC grew its holdings in Allison Transmission by 95.0% in the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after buying an additional 228 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings 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 in the last quarter. Finally, Private Trust Co. NA grew its holdings in Allison Transmission by 32.8% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock valued at $61,000 after buying an additional 157 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

NYSE:ALSN traded up $0.42 during mid-day trading on Monday, reaching $88.11. 1,301,321 shares of the stock were exchanged, compared to its average volume of 966,725. The company has a 50 day simple moving average of $95.03 and a 200-day simple moving average of $98.65. The stock has a market capitalization of $7.42 billion, a P/E ratio of 10.20 and a beta of 0.97. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. Allison Transmission Holdings, Inc. has a 1 year low of $78.71 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.07. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. During the same period in the prior year, the company posted $2.13 EPS. The firm's revenue for the quarter was down .2% on a year-over-year basis. Analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is 12.50%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission 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 transaction, the vice president directly owned 11,924 shares in the company, valued at approximately $1,254,881.76. This trade represents a 22.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley increased their price target on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Robert W. Baird decreased their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Raymond James Financial decreased their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. JPMorgan Chase & Co. cut their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, The Goldman Sachs Group raised their target price on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $98.38.

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.