Allison Transmission Holdings, Inc. $ALSN Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its stake in Allison Transmission Holdings, owning approximately 1.50% of the company with a position valued at $120.80 million after acquiring an additional 80,653 shares.
• Allison Transmission stock has experienced a 2.2% decline, with shares trading at $86.91, and the company has a market cap of $7.27 billion.
• The company recently announced a quarterly dividend of $0.27 per share, representing an annual yield of 1.2%.

Invesco Ltd. boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 6.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,262,619 shares of the auto parts company's stock after purchasing an additional 80,653 shares during the period. Invesco Ltd. owned about 1.50% of Allison Transmission worth $120,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its position in shares of Allison Transmission by 3.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock valued at $286,683,000 after buying an additional 76,840 shares in the last quarter. Federated Hermes Inc. increased its position in shares of 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 buying an additional 181,568 shares in the last quarter. Jennison Associates LLC increased its position in shares of Allison Transmission by 26.4% in the first quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock valued at $61,250,000 after buying an additional 133,635 shares in the last quarter. NewEdge Wealth LLC increased its stake in shares of Allison Transmission by 6.6% during the 1st quarter. NewEdge Wealth LLC now owns 509,912 shares of the auto parts company's stock worth $48,783,000 after purchasing an additional 31,393 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Allison Transmission by 5.2% during the 4th quarter. Driehaus Capital Management LLC now owns 505,321 shares of the auto parts company's stock worth $54,605,000 after purchasing an additional 24,811 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Up 1.2%

Shares of NYSE ALSN traded up $1.02 during trading on Monday, hitting $88.02. 382,511 shares of the company traded hands, compared to its average volume of 804,968. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53. The company has a 50-day moving average price of $92.04 and a 200-day moving average price of $96.54. The firm has a market capitalization of $7.36 billion, a P/E ratio of 10.00 and a beta of 0.97. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The company had revenue of $814.00 million during the quarter, compared to analysts' expectations of $811.05 million. During the same period in the previous year, the company earned $2.13 EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Allison Transmission's payout ratio is currently 12.27%.

Analyst Ratings Changes

ALSN has been the subject of a number of recent research reports. Raymond James Financial dropped their price objective on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. Bank of America raised their price objective on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Morgan Stanley raised their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup dropped their price objective on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Finally, Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $98.38.

Insider Activity

In other news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction 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 $1,254,881.76. The trade was a 22.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by corporate insiders.

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.