Foster & Motley Inc. acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 64,961 shares of the auto parts company's stock, valued at approximately $7,324,000. Foster & Motley Inc. owned approximately 0.08% of Allison Transmission as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of ALSN. Caprock Group LLC boosted its holdings in Allison Transmission by 191.5% in the 4th quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company's stock worth $2,550,000 after buying an additional 17,114 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Allison Transmission by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company's stock valued at $27,903,000 after acquiring an additional 14,445 shares during the last quarter. UBS Group AG raised its holdings in shares of Allison Transmission by 30.4% during the fourth quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company's stock valued at $122,590,000 after acquiring an additional 291,649 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of Allison Transmission by 52.2% in the fourth quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company's stock valued at $2,896,000 after acquiring an additional 10,145 shares in the last quarter. Finally, Brandes Investment Partners LP purchased a new position in shares of Allison Transmission in the fourth quarter valued at approximately $46,647,000. Institutional investors and hedge funds own 96.90% of the company's stock.
Insider Activity
In related news, insider Eric C. Scroggins sold 1,050 shares of the firm's stock in a transaction dated 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 directly owned 16,604 shares in the company, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.
Allison Transmission Stock Performance
Shares of Allison Transmission stock opened at $125.78 on Wednesday. The business's 50 day moving average price is $118.32 and its 200 day moving average price is $118.91. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.67 and a beta of 0.95. 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 Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62.
Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the business earned $2.29 EPS. The firm's quarterly revenue was up 92.4% on a year-over-year basis. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.
Allison Transmission Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a $0.29 dividend. The ex-dividend date of this dividend 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 currently 18.44%.
Analysts Set New Price Targets
ALSN has been the subject of several recent research reports. Weiss Ratings raised Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Citigroup lowered 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 note on Tuesday, July 14th. Morgan Stanley increased their target price 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. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 13th. Finally, Wells Fargo & Company boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $131.17.
Check Out Our Latest Stock Report on Allison Transmission
About Allison Transmission
(
Free Report)
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.
Further Reading
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).
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