Exchange Traded Concepts LLC Buys Shares of 8,781 Allison Transmission Holdings, Inc. $ALSN

Exchange Traded Concepts LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,781 shares of the auto parts company’s stock, valued at approximately $745,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Allison Transmission by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after acquiring an additional 304,974 shares in the last quarter. State Street Corp raised its position in shares of Allison Transmission by 1.1% during the second quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock worth $156,951,000 after purchasing an additional 17,783 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after purchasing an additional 406,540 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Allison Transmission by 128.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock valued at $115,498,000 after purchasing an additional 683,035 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Allison Transmission by 3.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,081,292 shares of the auto parts company’s stock valued at $102,712,000 after purchasing an additional 33,073 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several research analyst reports. Raymond James Financial raised their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Citigroup increased their target price on Allison Transmission from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Wells Fargo & Company began coverage on Allison Transmission in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $95.13.

Allison Transmission Stock Down 1.1%

Allison Transmission stock opened at $99.85 on Tuesday. 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 1-year low of $76.01 and a 1-year high of $121.81. The company has a fifty day simple moving average of $88.87 and a 200 day simple moving average of $88.81. The company has a market cap of $8.31 billion, a P/E ratio of 12.24 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data 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). 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%.The company’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. Research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared 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 yield of 1.1%. The ex-dividend date was Friday, November 21st. Allison Transmission’s dividend payout ratio (DPR) is currently 13.24%.

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.