Arrowstreet Capital Limited Partnership Sells 9,492 Shares of Allison Transmission Holdings, Inc. $ALSN

Arrowstreet Capital Limited Partnership lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 489,375 shares of the auto parts company’s stock after selling 9,492 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.59% of Allison Transmission worth $46,486,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ALSN. Norges Bank bought a new position in shares of Allison Transmission during the 2nd quarter valued at approximately $100,347,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in Allison Transmission by 109.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock valued at $88,919,000 after purchasing an additional 484,916 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Allison Transmission in the second quarter valued at approximately $31,740,000. Jennison Associates LLC grew its holdings in Allison Transmission by 35.3% during the second quarter. Jennison Associates LLC now owns 866,363 shares of the auto parts company’s stock valued at $82,296,000 after purchasing an additional 226,146 shares during the period. Finally, Jane Street Group LLC increased its position in Allison Transmission by 341.3% in the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after buying an additional 223,253 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Up 2.5%

Shares of Allison Transmission stock opened at $92.68 on Friday. The company’s 50-day moving average price is $83.78 and its 200-day moving average price is $89.46. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $121.81. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 11.36 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. During the same period last year, the company posted $2.27 EPS. The business’s revenue was down 15.9% on a year-over-year basis. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, November 21st. Allison Transmission’s dividend payout ratio (DPR) is 13.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ALSN shares. Wells Fargo & Company began coverage on Allison Transmission in a research report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price target on the stock. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Citigroup cut their target price on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $92.00.

Allison Transmission Company 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.