GSA Capital Partners LLP Buys New Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• GSA Capital Partners LLP has acquired a new stake in Allison Transmission Holdings, purchasing 7,845 shares valued at approximately $751,000.
• Multiple other hedge funds also increased their holdings in Allison Transmission during the fourth quarter, contributing to 96.90% institutional ownership in the company.
• Allison Transmission recently announced a quarterly dividend of $0.27, representing a 1.2% yield, with a payout ratio of 12.50%.

GSA Capital Partners LLP purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,845 shares of the auto parts company's stock, valued at approximately $751,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Federated Hermes Inc. boosted its stake in Allison Transmission by 19.0% in the first quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock valued at $108,897,000 after acquiring an additional 181,568 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Allison Transmission in the first quarter valued at approximately $1,755,000. Solidarity Wealth LLC raised its holdings in Allison Transmission by 21.5% in the first quarter. Solidarity Wealth LLC now owns 274,259 shares of the auto parts company's stock worth $26,238,000 after purchasing an additional 48,528 shares during the period. LPL Financial LLC raised its holdings in Allison Transmission by 10.4% in the first quarter. LPL Financial LLC now owns 85,375 shares of the auto parts company's stock worth $8,168,000 after purchasing an additional 8,031 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Allison Transmission by 5.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,739 shares of the auto parts company's stock worth $2,367,000 after purchasing an additional 1,286 shares during the period. 96.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Raymond James Financial cut their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Bank of America increased their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Citigroup cut their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $98.38.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the transaction, the vice president owned 11,924 shares of the company's stock, valued at approximately $1,254,881.76. This trade represents a 22.25% 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 hyperlink. Company insiders own 1.20% of the company's stock.

Allison Transmission Stock Up 0.5%

Shares of NYSE:ALSN traded up $0.42 during midday trading on Monday, reaching $88.11. 1,301,321 shares of the company were exchanged, compared to its average volume of 966,725. Allison Transmission Holdings, Inc. has a fifty-two week low of $78.71 and a fifty-two week high of $122.53. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $95.03 and a two-hundred day simple moving average of $98.65. The firm has a market cap of $7.42 billion, a PE ratio of 10.15 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.07. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. During the same quarter last year, the business earned $2.13 EPS. The company's revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission's dividend payout ratio (DPR) is 12.50%.

Allison Transmission 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.