Van ECK Associates Corp Acquires 3,473 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Van ECK Associates Corp boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,476 shares of the auto parts company’s stock after purchasing an additional 3,473 shares during the period. Van ECK Associates Corp’s holdings in Allison Transmission were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ALSN. Federated Hermes Inc. grew its position in shares of Allison Transmission by 62.5% in the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock valued at $47,207,000 after acquiring an additional 307,322 shares during the period. Invesco Ltd. grew its position in shares of Allison Transmission by 17.8% in the 3rd quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock valued at $87,264,000 after acquiring an additional 222,863 shares during the period. Lazard Asset Management LLC grew its position in shares of Allison Transmission by 104.0% in the 3rd quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company’s stock valued at $12,827,000 after acquiring an additional 110,722 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Allison Transmission during the 3rd quarter worth about $6,332,000. Finally, ClariVest Asset Management LLC lifted its stake in shares of Allison Transmission by 402,208.3% during the 3rd quarter. ClariVest Asset Management LLC now owns 96,554 shares of the auto parts company’s stock worth $5,702,000 after buying an additional 96,530 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

ALSN has been the subject of a number of research reports. Robert W. Baird raised their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Oppenheimer raised their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and a consensus price target of $71.71.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $76.82 on Friday. Allison Transmission Holdings, Inc. has a twelve month low of $47.22 and a twelve month high of $83.42. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. The company has a 50-day simple moving average of $78.11 and a two-hundred day simple moving average of $65.33. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 EPS. Analysts forecast that Allison Transmission Holdings, Inc. will post 7.56 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, May 17th. Allison Transmission’s payout ratio is presently 13.35%.

Insider Activity

In other news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now directly owns 125,479 shares in the company, valued at approximately $8,855,053.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dana Jh Pittard sold 2,686 shares of Allison Transmission stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the sale, the vice president now directly owns 5,143 shares in the company, valued at $374,616.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,843 shares of company stock worth $6,244,562. 0.93% of the stock is currently owned by corporate insiders.

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.