Triad Wealth Partners LLC Invests $953,000 in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Triad Wealth Partners purchased a new position of 9,736 shares in Allison Transmission (NYSE:ALSN) in the fourth quarter, valued at approximately $953,000.
• Allison increased its quarterly dividend to $0.29 (from $0.27) paid March 20, implying a $1.16 annualized payout, a ~0.9% yield and a payout ratio of about 15.8%.
• ALSN recently traded near its 52‑week high (~$128.85), has a market cap of $10.69B and a P/E of 17.5, while analysts' consensus is an average "Hold" rating with a $112 average price target.

Triad Wealth Partners LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,736 shares of the auto parts company's stock, valued at approximately $953,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALSN. Rossby Financial LCC lifted its holdings in shares of Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company's stock worth $25,000 after acquiring an additional 153 shares during the period. True Wealth Design LLC lifted its holdings in shares of Allison Transmission by 93.2% during the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company's stock worth $38,000 after acquiring an additional 218 shares during the period. First Horizon Corp bought a new stake in shares of Allison Transmission during the 3rd quarter worth approximately $40,000. SJS Investment Consulting Inc. lifted its holdings in shares of Allison Transmission by 4,716.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company's stock worth $49,000 after acquiring an additional 566 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Allison Transmission during the 3rd quarter worth approximately $61,000. Institutional investors own 96.90% of the company's stock.

Allison Transmission Price Performance

ALSN stock opened at $128.58 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $128.85. The company has a 50 day simple moving average of $117.62 and a 200 day simple moving average of $100.99. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 0.85 and a beta of 0.97.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were given a $0.29 dividend. This is an increase from Allison Transmission's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 9th. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission's dividend payout ratio is currently 15.83%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the transaction, the insider directly owned 17,654 shares in the company, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ALSN. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 14th. Weiss Ratings cut shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, February 25th. Oppenheimer upped their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 24th. Morgan Stanley upped their price objective on shares of Allison Transmission from $109.00 to $117.00 and gave the stock an "equal weight" rating in a research report on Monday, March 16th. Finally, Citigroup upped their price objective on shares of Allison Transmission from $110.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Allison Transmission presently has an average rating of "Hold" and an average price target of $112.00.

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.

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