Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) by 108.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,311 shares of the auto parts company’s stock after acquiring an additional 135,194 shares during the period. Allspring Global Investments Holdings LLC owned 0.30% of Allison Transmission worth $21,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. NewEdge Wealth LLC lifted its stake in shares of Allison Transmission by 9.1% in the 4th quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock valued at $30,229,000 after purchasing an additional 43,243 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Allison Transmission by 43.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock valued at $2,712,000 after acquiring an additional 14,168 shares during the period. UBS Group AG boosted its holdings in Allison Transmission by 35.7% during the 4th quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock valued at $7,853,000 after acquiring an additional 35,501 shares during the period. Prevatt Capital Ltd purchased a new position in Allison Transmission during the 4th quarter valued at about $14,538,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Allison Transmission during the 4th quarter valued at about $3,140,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of analyst reports. Citigroup initiated coverage on Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target on the stock. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. The Goldman Sachs Group increased their price target on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Finally, Raymond James initiated coverage on Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $75.25.

Read Our Latest Stock Report on ALSN

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by insiders.

Allison Transmission Stock Down 2.3 %

Allison Transmission stock opened at $74.21 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. Allison Transmission Holdings, Inc. has a 1-year low of $50.13 and a 1-year high of $83.42. The company has a market cap of $6.49 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.40 and a beta of 1.00. The stock’s 50 day moving average price is $74.90 and its 200 day moving average price is $71.25.

Allison Transmission (NYSE:ALSNGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. During the same period in the previous year, the business earned $1.85 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.65 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.35%. Allison Transmission’s dividend payout ratio is presently 13.35%.

Allison Transmission Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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