UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• UBS Asset Management reduced its Allison Transmission stake by 10.2% in the second quarter, selling 26,548 shares and retaining 234,886 shares worth approximately $26.5 million. Institutional investors collectively own 96.9% of the company.
• Allison reported quarterly EPS of $2.73 and revenue of $1.57 billion, exceeding analyst estimates, while revenue rose 92.4% year over year. Analysts expect full-year EPS of $9.94.
• Shares recently traded at $128.56, up 1.5%, and the company pays a quarterly dividend of $0.29 per share. Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $131.17.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 10.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234,886 shares of the auto parts company's stock after selling 26,548 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Allison Transmission worth $26,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALSN. Jane Street Group LLC increased its position in shares of Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock worth $27,617,000 after purchasing an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company's stock valued at $20,560,000 after buying an additional 11,542 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Allison Transmission by 9.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company's stock worth $180,000 after buying an additional 165 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Allison Transmission by 441.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company's stock worth $97,000 after buying an additional 830 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Allison Transmission during the second quarter valued at about $6,111,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Trading Up 1.5%

NYSE ALSN opened at $128.56 on Friday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 0.68 and a beta of 0.98. The firm has a 50 day simple moving average of $120.57 and a 200-day simple moving average of $120.12. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results 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 firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm's revenue for the quarter was up 92.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 EPS. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was 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 is currently 18.44%.

Insider Buying and Selling at Allison Transmission

In other news, insider Eric Scroggins sold 1,050 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Graziosi sold 26,708 shares of Allison Transmission stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the transaction, the chief executive officer owned 304,843 shares of the company's stock, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ALSN has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a report on Monday, July 13th. Weiss Ratings raised Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Citigroup decreased their price target on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. Finally, Morgan Stanley raised their price target on Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Allison Transmission currently has a consensus rating of "Moderate Buy" and an average price target of $131.17.

Allison Transmission Company Profile

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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