Assenagon Asset Management S.A. Buys Shares of 100,489 Allison Transmission Holdings, Inc. $ALSN

Assenagon Asset Management S.A. bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 100,489 shares of the auto parts company's stock, valued at approximately $11,329,000. Assenagon Asset Management S.A. owned 0.12% of Allison Transmission as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Inscription Capital LLC increased its holdings in shares of Allison Transmission by 0.7% in the fourth quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company's stock worth $1,404,000 after acquiring an additional 95 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Allison Transmission by 1.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company's stock valued at $758,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC raised its position in Allison Transmission by 16.7% in the 4th 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 last quarter. Villanova Investment Management Co LLC raised its position in Allison Transmission by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company's stock valued at $2,554,000 after buying an additional 106 shares during the last quarter. Finally, Xponance LLC raised its position in Allison Transmission by 2.0% in the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company's stock valued at $542,000 after buying an additional 107 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ALSN. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the company a "neutral" rating in a research report on Monday, July 13th. Morgan Stanley upped their target price on Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, July 17th. Weiss Ratings cut Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, July 16th. Wells Fargo & Company upped their price objective 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. Finally, Citigroup cut their price objective on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $131.17.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $124.30 on Tuesday. 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 company has a market capitalization of $10.26 billion, a P/E ratio of 19.76, a P/E/G ratio of 0.65 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The stock has a 50 day moving average of $117.37 and a 200-day moving average of $118.29.

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 for the quarter, beating analysts' consensus estimates of $2.48 by $0.25. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm's revenue for the quarter was up 92.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 EPS. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.76 EPS for the current year.

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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