Elo Mutual Pension Insurance Co Has $2.09 Million Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Elo Mutual Pension Insurance Co increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 52.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,674 shares of the auto parts company’s stock after buying an additional 8,524 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Allison Transmission were worth $2,094,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ALSN. AQR Capital Management LLC increased its holdings in shares of 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 valued at $181,741,000 after acquiring an additional 304,974 shares in the last quarter. State Street Corp grew its position in Allison Transmission by 1.1% in the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock valued at $156,951,000 after purchasing an additional 17,783 shares during the period. Federated Hermes Inc. increased its stake in 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 raised its holdings in Allison Transmission by 128.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after buying an additional 683,035 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Allison Transmission in the second quarter valued at $100,347,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Performance

ALSN stock opened at $126.68 on Thursday. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The firm has a market cap of $10.49 billion, a PE ratio of 17.28, a P/E/G ratio of 0.82 and a beta of 0.96. The business has a 50 day moving average of $111.42 and a 200-day moving average of $95.70. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $128.85.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a $0.29 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. Allison Transmission’s payout ratio is presently 14.73%.

Insiders Place Their Bets

In related news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the sale, the senior vice president owned 10,021 shares in the company, valued at approximately $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 25th. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Raymond James Financial raised their target price on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Oppenheimer lifted their target price on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. increased their price target on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and a consensus price target of $111.11.

About Allison Transmission

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.