Edgestream Partners L.P. Has $7.81 Million Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Edgestream Partners L.P. raised its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 76.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,627 shares of the auto parts company's stock after buying an additional 35,277 shares during the period. Edgestream Partners L.P. owned 0.10% of Allison Transmission worth $7,809,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALSN. Proficio Capital Partners LLC bought a new position in Allison Transmission during the fourth quarter valued at about $42,000. Amundi boosted its stake in Allison Transmission by 0.3% during the 4th quarter. Amundi now owns 46,288 shares of the auto parts company's stock valued at $5,102,000 after purchasing an additional 146 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Allison Transmission by 9.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,453 shares of the auto parts company's stock valued at $2,534,000 after buying an additional 2,022 shares during the last quarter. Swiss National Bank grew its holdings in Allison Transmission by 0.4% in the 4th quarter. Swiss National Bank now owns 171,400 shares of the auto parts company's stock valued at $18,521,000 after buying an additional 600 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Allison Transmission by 15.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 25,776 shares of the auto parts company's stock worth $2,785,000 after buying an additional 3,472 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

ALSN traded down $0.12 on Thursday, hitting $88.93. 1,134,835 shares of the stock traded hands, compared to its average volume of 678,196. Allison Transmission Holdings, Inc. has a 52 week low of $78.71 and a 52 week high of $122.53. The company has a current ratio of 3.05, a quick ratio of 2.37 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $7.49 billion, a PE ratio of 10.29 and a beta of 0.96. The business has a fifty day moving average price of $98.83 and a two-hundred day moving average price of $100.72.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The company had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 earnings per share. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, May 19th. Allison Transmission's payout ratio is 12.50%.

Wall Street Analyst Weigh In

ALSN has been the subject of several research reports. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Morgan Stanley boosted their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Raymond James Financial reduced their target price on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Bank of America lifted their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Allison Transmission presently has a consensus rating of "Hold" and an average target price of $99.00.

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president directly owned 11,924 shares of the company's stock, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.