XTX Topco Ltd Acquires 4,965 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• XTX Topco Ltd increased its stake in Allison Transmission by 106.0% in the first quarter, holding 9,650 shares worth approximately $923,000.
• Insiders own 1.20% of Allison Transmission, with VP Ryan A. Milburn selling 3,412 shares at an average price of $105.24, reducing his ownership by 22.25%.
• Allison Transmission announced a quarterly dividend of $0.27 per share, with a current payout ratio of 12.50% and an estimated annual yield of 1.2%.

XTX Topco Ltd grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 106.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,650 shares of the auto parts company's stock after buying an additional 4,965 shares during the quarter. XTX Topco Ltd's holdings in Allison Transmission were worth $923,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ALSN. Transce3nd LLC acquired a new stake in shares of Allison Transmission in the fourth quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Allison Transmission during the 4th quarter worth $31,000. SRH Advisors LLC increased its stake in Allison Transmission by 95.0% in the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after purchasing an additional 228 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after buying an additional 392 shares during the last quarter. Finally, Private Trust Co. NA raised its position in Allison Transmission by 32.8% during the first quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock worth $61,000 after acquiring an additional 157 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALSN has been the topic of several analyst reports. Raymond James Financial decreased their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. Robert W. Baird decreased their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Bank of America increased their price objective on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Morgan Stanley boosted their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $98.38.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the transaction, the vice president directly owned 11,924 shares in the company, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.

Allison Transmission Price Performance

NYSE:ALSN traded down $0.64 during mid-day trading on Thursday, reaching $87.64. 312,207 shares of the company were exchanged, compared to its average volume of 796,738. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average of $94.06 and a 200 day moving average of $98.28. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The stock has a market cap of $7.38 billion, a PE ratio of 9.95 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. Allison Transmission had a return on equity of 46.30% and a net margin of 23.81%. The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

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.