Robotti Robert Invests $6.60 Million in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Robotti Robert acquired a new $6.6 million stake in Allison Transmission, purchasing 58,544 shares—about 0.07% of the company and 1.1% of the fund’s portfolio. Institutional investors collectively own 96.9% of ALSN.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $131.17. Recent targets range from $125 to $145.
• Allison reported quarterly EPS of $2.73, beating estimates by $0.25, while revenue rose 92.4% year over year to $1.57 billion. The company also declared a quarterly dividend of $0.29 per share, equivalent to a 0.9% annualized yield.

Robotti Robert acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 58,544 shares of the auto parts company's stock, valued at approximately $6,600,000. Allison Transmission accounts for about 1.1% of Robotti Robert's investment portfolio, making the stock its 24th biggest holding. Robotti Robert owned approximately 0.07% of Allison Transmission at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC increased its holdings in shares of 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 acquiring an additional 17,114 shares during the period. Natixis Advisors LLC lifted its position in Allison Transmission by 5.3% in the 4th quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company's stock valued at $27,903,000 after purchasing an additional 14,445 shares during the last quarter. UBS Group AG boosted its stake in Allison Transmission by 30.4% during the 4th quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company's stock valued at $122,590,000 after purchasing an additional 291,649 shares during the period. Systematic Financial Management LP grew its position in Allison Transmission by 52.2% in the 4th quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company's stock worth $2,896,000 after purchasing an additional 10,145 shares during the last quarter. Finally, Brandes Investment Partners LP acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $46,647,000. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALSN has been the subject of several analyst reports. Weiss Ratings upgraded Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Citigroup reduced their price target on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, July 14th. Morgan Stanley increased their price target on Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, July 17th. Wells Fargo & Company lifted their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the company a "neutral" rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of "Moderate Buy" and an average target price of $131.17.

Allison Transmission Price Performance

NYSE ALSN opened at $125.78 on Wednesday. The stock has a market capitalization of $10.39 billion, a P/E ratio of 20.00, a P/E/G ratio of 0.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $137.62. The business's fifty day moving average is $118.32 and its two-hundred day moving average is $118.91. 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 (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.25. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company's revenue was up 92.4% compared to the same quarter last year. During the same period last year, the company posted $2.29 EPS. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be given a $0.29 dividend. The ex-dividend date 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 (DPR) is 18.44%.

Insider Buying and Selling at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the transaction, the insider owned 16,604 shares of the company's stock, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

About Allison Transmission

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source