CW Advisors LLC Invests $2.48 Million in Allison Transmission Holdings, Inc. $ALSN

CW Advisors LLC acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,143 shares of the auto parts company’s stock, valued at approximately $2,483,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in Allison Transmission in the second quarter valued at $28,000. SVB Wealth LLC purchased a new stake in shares of Allison Transmission in the 1st quarter worth about $33,000. WPG Advisers LLC acquired a new stake in Allison Transmission in the 1st quarter valued at about $34,000. Cullen Frost Bankers Inc. grew its stake in Allison Transmission by 3,108.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 373 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new position in Allison Transmission during the 2nd quarter valued at about $38,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company began coverage on shares of Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price target on the stock. Citigroup reduced their target price on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. decreased their price objective on 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 issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $92.00.

Allison Transmission Trading Up 2.5%

Shares of ALSN opened at $92.68 on Friday. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $121.81. The company has a market capitalization of $7.71 billion, a PE ratio of 11.36 and a beta of 0.99. The stock has a fifty day moving average of $83.78 and a two-hundred day moving average of $89.34. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

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

Allison Transmission Dividend Announcement

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

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.