Corient Private Wealth LP Makes New $10.02 Million Investment in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Corient Private Wealth LP acquired 88,913 shares of Allison Transmission, valued at approximately $10.02 million, giving it a 0.11% stake. Institutional investors collectively own 96.9% of the company.
• Allison Transmission reported quarterly earnings of $2.73 per share, exceeding estimates of $2.48, while revenue rose 92.4% year over year to $1.57 billion. The company also declared a quarterly dividend of $0.29 per share, representing a 0.9% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $131.17, while recent insider activity included stock sales by CEO David Graziosi and insider Eric Scroggins.

Corient Private Wealth LP bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 88,913 shares of the auto parts company's stock, valued at approximately $10,024,000. Corient Private Wealth LP owned approximately 0.11% of Allison Transmission as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ALSN. Jane Street Group LLC grew its stake in shares of Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock valued at $27,617,000 after buying an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company's stock worth $20,560,000 after buying an additional 11,542 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Allison Transmission by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company's stock valued at $180,000 after acquiring an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Allison Transmission by 441.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company's stock valued at $97,000 after acquiring an additional 830 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Allison Transmission during the 2nd quarter valued at about $6,111,000. Institutional investors own 96.90% of the company's stock.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $126.41 on Monday. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $137.62. The stock has a market capitalization of $10.44 billion, a P/E ratio of 20.10, a P/E/G ratio of 0.68 and a beta of 0.95. The company's 50-day moving average is $120.12 and its 200 day moving average is $119.85. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $2.29 earnings per share. The firm's revenue was up 92.4% on a year-over-year basis. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. Allison Transmission's dividend payout ratio is presently 18.44%.

Insider Activity at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of the firm's 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Graziosi sold 26,708 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the transaction, the chief executive officer directly owned 304,843 shares in the company, valued at $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALSN. Citigroup cut their target price on shares of Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. Morgan Stanley upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the company a "neutral" rating in a report on Monday, July 13th. 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. Finally, Wells Fargo & Company raised their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 6th. One equities research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.17.

About Allison Transmission

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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