IFP Advisors Inc Grows Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

IFP Advisors Inc lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 333.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,635 shares of the auto parts company's stock after purchasing an additional 3,565 shares during the quarter. IFP Advisors Inc's holdings in Allison Transmission were worth $444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALSN. Norges Bank acquired a new stake in shares of Allison Transmission in the fourth quarter valued at $108,916,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Allison Transmission by 4,877.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock valued at $48,035,000 after buying an additional 435,587 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Allison Transmission in the fourth quarter valued at $41,081,000. FMR LLC boosted its holdings in Allison Transmission by 1.9% in the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock valued at $1,404,025,000 after purchasing an additional 247,318 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Allison Transmission by 10,402.1% in the first quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock valued at $14,187,000 after purchasing an additional 146,877 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Up 1.6%

Shares of NYSE ALSN opened at $89.40 on Friday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 10.35 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37. The business has a 50-day moving average of $96.64 and a two-hundred day moving average of $99.70. Allison Transmission Holdings, Inc. has a 1 year low of $78.71 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. The company had revenue of $766.00 million during 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%. Allison Transmission's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 EPS. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's payout ratio is currently 12.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Citigroup decreased their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. The Goldman Sachs Group lifted their target price on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Finally, Raymond James Financial decreased their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and an average target price of $98.38.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.