Assenagon Asset Management S.A. Boosts Stake in Allison Transmission Holdings, Inc. $ALSN

Assenagon Asset Management S.A. boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 334.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 204,870 shares of the auto parts company’s stock after purchasing an additional 157,666 shares during the period. Assenagon Asset Management S.A. owned about 0.25% of Allison Transmission worth $17,389,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Aaron Wealth Advisors LLC raised its stake in shares of Allison Transmission by 547.8% in the third quarter. Aaron Wealth Advisors LLC now owns 16,441 shares of the auto parts company’s stock worth $1,396,000 after buying an additional 13,903 shares during the period. Corient Private Wealth LLC increased its holdings in Allison Transmission by 9.1% in the 2nd quarter. Corient Private Wealth LLC now owns 38,017 shares of the auto parts company’s stock worth $3,611,000 after acquiring an additional 3,166 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Allison Transmission in the 2nd quarter worth approximately $1,406,000. Coppell Advisory Solutions LLC raised its stake in Allison Transmission by 82.1% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 39,148 shares of the auto parts company’s stock worth $3,706,000 after acquiring an additional 17,651 shares during the period. Finally, State of Wyoming lifted its holdings in Allison Transmission by 9.5% during the second quarter. State of Wyoming now owns 3,401 shares of the auto parts company’s stock valued at $323,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 0.6%

Shares of ALSN stock opened at $98.68 on Friday. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 12.09 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $121.81. The stock’s 50-day moving average price is $86.60 and its 200-day moving average price is $89.07.

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

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, November 21st. Allison Transmission’s dividend payout ratio (DPR) is presently 13.24%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Raymond James Financial raised shares of Allison Transmission from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $105.00 to $110.00 in a report on Monday, December 8th. Wells Fargo & Company assumed coverage on Allison Transmission in a report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price target on the stock. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. cut their target price on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and an average price target of $94.50.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.