Engineers Gate Manager LP Takes $1.24 Million Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Engineers Gate Manager LP acquired 10,968 Allison Transmission shares worth approximately $1.24 million in the second quarter. Institutional investors now own 96.9% of the company.
• Allison Transmission reported quarterly EPS of $2.73, beating estimates of $2.48, while revenue rose 92.4% year over year to $1.57 billion.
• Analysts maintain a consensus “Moderate Buy” rating with a $131.17 target price; the company also pays a quarterly dividend of $0.29, yielding about 1.0%.

Engineers Gate Manager LP bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,968 shares of the auto parts company's stock, valued at approximately $1,237,000.

Several other large investors also recently bought and sold shares of ALSN. BlackRock Inc. purchased a new position in shares of Allison Transmission in the 2nd quarter worth approximately $448,232,000. Stockbridge Partners LLC bought a new stake in Allison Transmission in the second quarter worth $169,108,000. Norges Bank bought a new stake in Allison Transmission in the fourth quarter worth $115,674,000. First Trust Advisors LP boosted its stake in Allison Transmission by 85.2% during the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company's stock worth $237,234,000 after buying an additional 932,201 shares during the period. Finally, Wasatch Advisors LP grew its holdings in Allison Transmission by 105.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company's stock valued at $170,293,000 after purchasing an additional 776,169 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ALSN shares. Weiss Ratings raised Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. increased their price objective on Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 13th. 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 research report on Tuesday, July 14th. Finally, Morgan Stanley boosted 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Allison Transmission has a consensus rating of "Moderate Buy" and a consensus target price of $131.17.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $119.85 on Friday. The company has a market capitalization of $9.90 billion, a PE ratio of 19.05, a P/E/G ratio of 0.62 and a beta of 0.98. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year 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. The company has a 50-day simple moving average of $122.65 and a two-hundred day simple moving average of $120.54.

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 (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business 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 earned $2.29 earnings per share. The business's revenue for the quarter was up 92.4% on a year-over-year basis. Research analysts expect that Allison Transmission Holdings, Inc. will post 10.27 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.29 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. Allison Transmission's dividend payout ratio (DPR) is 18.44%.

Insider Activity

In other news, insider Eric Scroggins sold 1,050 shares of the business'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 sale, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was 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 accessible through this hyperlink. Also, CEO David Graziosi sold 26,708 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the sale, the chief executive officer directly owned 304,843 shares in the company, valued at approximately $40,534,973.71. This represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

About Allison Transmission

Allison Transmission, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and military vehicles. Its products are used in applications including trucks, buses, motorhomes, refuse and construction vehicles, and other medium- and heavy-duty vehicles.

The company also develops electrified propulsion technologies, including hybrid-electric systems and electric axles, as well as transmission controls, parts, service, and support offerings. Its products are marketed to original equipment manufacturers, fleet operators, and distributors worldwide, with customers across North America, Europe, Asia, Australia, and other international markets.

Founded in 1915 by James A.

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