Deutsche Bank AG Invests $1.20 Million in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Deutsche Bank acquired a new $1.20 million stake in Allison Transmission during the second quarter, while institutional investors collectively own 96.9% of the company.
• Allison 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 declared a quarterly dividend of $0.29 per share, equal to a 0.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $131.17, while two insiders recently sold shares.

Deutsche Bank AG bought a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,652 shares of the auto parts company's stock, valued at approximately $1,201,000.

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC increased its position in shares of Allison Transmission by 341.3% in 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in Allison Transmission by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company's stock valued at $20,560,000 after acquiring an additional 11,542 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in 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 worth $180,000 after acquiring an additional 165 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Allison Transmission by 441.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company's stock worth $97,000 after acquiring an additional 830 shares during the period. Finally, Marshall Wace LLP acquired a new position in Allison Transmission during the second quarter worth $6,111,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Up 0.1%

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 company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17. The company 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 has a 50 day simple moving average of $120.12 and a 200-day simple moving average of $119.85.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business's revenue for the quarter was up 92.4% on a year-over-year basis. During the same period last year, the business earned $2.29 earnings per share. On average, equities research analysts predict 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. Shareholders of record on Friday, August 21st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission's payout ratio is 18.44%.

Insiders Place Their Bets

In other news, insider Eric C. Scroggins sold 1,050 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the transaction, the insider directly owned 16,604 shares of the company's stock, valued at approximately $2,075,500. This represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Graziosi sold 26,708 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the transaction, the chief executive officer owned 304,843 shares of the company's stock, valued at approximately $40,534,973.71. The trade was a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALSN. Wells Fargo & Company lifted their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. Morgan Stanley raised their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, July 17th. Citigroup lowered their price objective on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. JPMorgan Chase & Co. increased their target price on Allison Transmission from $140.00 to $145.00 and gave the company a "neutral" rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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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