Lighthouse Investment Partners LLC Purchases New Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Lighthouse Investment Partners LLC purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,505 shares of the auto parts company’s stock, valued at approximately $342,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Versant Capital Management Inc increased its holdings in shares of Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares during the period. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission during the 2nd quarter worth $33,000. TFO Wealth Partners LLC lifted its stake in 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 valued at $42,000 after buying an additional 718 shares in the last quarter. Fifth Third Bancorp boosted its stake in Allison Transmission by 139.8% in the 2nd 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 period. Finally, Quent Capital LLC grew its holdings 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 in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Up 0.6 %

ALSN opened at $96.50 on Monday. Allison Transmission Holdings, Inc. has a fifty-two week low of $50.13 and a fifty-two week high of $97.25. The company has a market capitalization of $8.44 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.64 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19. The firm’s fifty day moving average price is $87.82 and its two-hundred day moving average price is $80.82.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share 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 business had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter in the previous year, the firm posted $1.92 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current year.

Allison Transmission Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on ALSN. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Monday, September 2nd. Raymond James initiated coverage on Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective on the stock. Citigroup initiated coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price for the company. The Goldman Sachs Group boosted their price objective on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Finally, Robert W. Baird upped their price target on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $79.57.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

About Allison Transmission

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.