Penserra Capital Management LLC Acquires Shares of 3,923 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Penserra Capital Management LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,923 shares of the auto parts company's stock, valued at approximately $375,000.

A number of other large investors also recently made changes to their positions in the business. FMR LLC boosted its position in shares of Allison Transmission by 1.9% during the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings 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. Loomis Sayles & Co. L P increased its holdings in shares of Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock valued at $257,046,000 after buying an additional 1,785,687 shares in the last quarter. Norges Bank acquired a new stake in Allison Transmission during the 4th quarter valued at $108,916,000. Finally, Federated Hermes Inc. grew its holdings in shares of Allison Transmission by 3.9% during the 4th quarter. Federated Hermes Inc. now owns 956,691 shares of the auto parts company's stock valued at $103,380,000 after acquiring an additional 36,065 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president directly owned 11,924 shares of the company's stock, valued at approximately $1,254,881.76. This represents a 22.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Allison Transmission Stock Performance

NYSE:ALSN traded down $1.15 on Tuesday, reaching $89.54. 618,570 shares of the company's stock were exchanged, compared to its average volume of 676,405. The stock has a fifty day simple moving average of $99.30 and a 200-day simple moving average of $101.01. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37. Allison Transmission Holdings, Inc. has a 52 week low of $77.39 and a 52 week high of $122.53. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 10.36 and a beta of 0.96.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The business had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. Allison Transmission's quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.90 earnings per share. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

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

Analyst Ratings Changes

ALSN has been the subject of a number of research analyst reports. Raymond James Financial cut their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Citigroup decreased 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 report on Tuesday, June 24th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Finally, Robert W. Baird lowered their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $99.00.

About Allison Transmission

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.