Bruni J V & Co. Co. Invests $17.50 Billion in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Bruni J V & Co. Co. acquired 155,235 shares of Allison Transmission in the second quarter, valued at approximately $17.5 billion according to its 13F filing. The position represents about 1.6% of the investor’s portfolio and 0.19% of Allison’s outstanding shares.
• Allison reported strong quarterly results, with EPS of $2.73 beating estimates of $2.48 and revenue of $1.57 billion exceeding forecasts. Revenue increased 92.4% year over year.
• The company declared a quarterly dividend of $0.29, equivalent to an annualized $1.16 payout and a 0.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $131.17.

Bruni J V & Co. Co. purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 155,235 shares of the auto parts company's stock, valued at approximately $17,501,194,000. Allison Transmission comprises approximately 1.6% of Bruni J V & Co. Co.'s portfolio, making the stock its 24th largest position. Bruni J V & Co. Co. owned about 0.19% of Allison Transmission at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inscription Capital LLC boosted its stake in 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 purchasing an additional 95 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Allison Transmission by 1.6% in the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company's stock valued at $758,000 after buying an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Allison Transmission by 16.7% in the fourth 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 holdings in shares of Allison Transmission by 0.4% in the fourth 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 lifted its position in Allison Transmission by 2.0% during the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company's stock worth $542,000 after buying an additional 107 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Price Performance

ALSN opened at $125.78 on Wednesday. The company has a fifty day moving average price of $118.32 and a two-hundred day moving average price of $118.91. The firm has a market capitalization of $10.39 billion, a PE ratio of 20.00, a P/E/G ratio of 0.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81.

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 (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.25. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates 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 was up 92.4% on a year-over-year basis. During the same period last year, the company earned $2.29 EPS. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be issued 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%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALSN. Morgan Stanley raised their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, July 17th. Citigroup decreased their price target on shares of Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Wells Fargo & Company boosted their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their price objective on Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.17.

Insider Buying and Selling at Allison Transmission

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

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.

Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source