Principal Financial Group Inc. Grows Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Principal Financial Group Inc. raised its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) by 23.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,695 shares of the auto parts company’s stock after purchasing an additional 1,467 shares during the quarter. Principal Financial Group Inc.’s holdings in Allison Transmission were worth $625,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ALSN. Yousif Capital Management LLC bought a new position in shares of Allison Transmission during the first quarter valued at approximately $233,000. MONECO Advisors LLC purchased a new position in Allison Transmission in the first quarter worth about $227,000. Assenagon Asset Management S.A. grew its holdings in shares of Allison Transmission by 53.8% during the first quarter. Assenagon Asset Management S.A. now owns 196,479 shares of the auto parts company’s stock valued at $15,946,000 after buying an additional 68,739 shares during the last quarter. Raymond James & Associates boosted its position in shares of Allison Transmission by 14.9% during the first quarter. Raymond James & Associates now owns 170,529 shares of the auto parts company’s stock valued at $13,840,000 after buying an additional 22,175 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Allison Transmission during the first quarter valued at approximately $1,342,000. 96.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Allison Transmission Stock Performance

ALSN opened at $74.21 on Friday. The firm has a market cap of $6.49 billion, a P/E ratio of 9.91, a PEG ratio of 1.40 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 1-year low of $50.13 and a 1-year high of $83.42. The company has a 50 day simple moving average of $74.90 and a two-hundred day simple moving average of $71.34. 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 (NYSE:ALSNGet Free Report) last issued its earnings results 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 company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. Allison Transmission’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 7.65 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

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

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of research reports. Robert W. Baird raised their price target on 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 boosted their price target on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. Citigroup assumed coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective on the stock. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $75.25.

Check Out Our Latest Stock Analysis on ALSN

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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