BlackRock Inc. Invests $448.23 Million in Allison Transmission Holdings, Inc. $ALSN

BlackRock Inc. bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,975,802 shares of the auto parts company's stock, valued at approximately $448,232,000. BlackRock Inc. owned 4.79% of Allison Transmission as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the stock. UBS Group AG lifted its stake in shares of Allison Transmission by 30.4% in the 4th quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company's stock valued at $122,590,000 after acquiring an additional 291,649 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Allison Transmission by 5.3% during the 4th quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company's stock worth $27,903,000 after buying an additional 14,445 shares during the period. Systematic Financial Management LP boosted its stake in shares of Allison Transmission by 52.2% in the 4th quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company's stock valued at $2,896,000 after purchasing an additional 10,145 shares during the last quarter. Brandes Investment Partners LP acquired a new stake in shares of Allison Transmission during the fourth quarter worth $46,647,000. Finally, MADDEN SECURITIES Corp acquired a new stake in shares of Allison Transmission during the 4th quarter worth approximately $2,276,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ALSN. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a report on Monday, July 13th. Morgan Stanley upped their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, July 17th. Weiss Ratings raised shares of Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Wells Fargo & Company raised their target price 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. Finally, Citigroup decreased their target price on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.17.

Insider Activity at Allison Transmission

In other Allison Transmission news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the transaction, the insider owned 16,604 shares of the company's stock, valued at $2,075,500. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Trading Down 1.4%

NYSE ALSN opened at $131.41 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 business has a fifty day simple moving average of $119.37 and a 200 day simple moving average of $119.45. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The firm has a market capitalization of $10.85 billion, a P/E ratio of 20.89, a PEG ratio of 0.71 and a beta of 0.95.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (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 firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $2.29 EPS. The business's revenue for the quarter was up 92.4% compared to the same quarter last year. On average, analysts predict that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be paid a $0.29 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission's dividend payout ratio (DPR) is 18.44%.

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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