Algert Global LLC Boosts Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Algert Global LLC lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,023 shares of the auto parts company’s stock after buying an additional 7,088 shares during the period. Algert Global LLC owned approximately 0.14% of Allison Transmission worth $9,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares during the period. Triad Wealth Partners LLC bought a new position in shares of Allison Transmission during the second quarter valued at about $33,000. TFO Wealth Partners LLC boosted its holdings in shares of Allison Transmission by 8,975.0% during the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 718 shares during the period. Fifth Third Bancorp grew its stake in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares during the last quarter. Finally, Quent Capital LLC increased its stake in shares of Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 0.6 %

ALSN stock opened at $96.50 on Friday. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $97.25. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The business has a 50 day moving average of $87.82 and a 200 day moving average of $80.78. The firm has a market cap of $8.44 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The firm had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter in the prior year, the company posted $1.92 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio is currently 13.35%.

Insider Activity

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ALSN shares. Citigroup assumed coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price on the stock. Robert W. Baird increased their target price on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. 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 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $79.57.

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.