JPMorgan Chase & Co. Has $32.06 Million Stock Position in Allison Transmission Holdings, Inc. $ALSN

JPMorgan Chase & Co. raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,739 shares of the auto parts company’s stock after purchasing an additional 23,025 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.45% of Allison Transmission worth $32,063,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new position in Allison Transmission in the third quarter worth approximately $614,000. Mackenzie Financial Corp lifted its stake in Allison Transmission by 2,937.4% in the second quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company’s stock valued at $17,606,000 after acquiring an additional 179,243 shares during the last quarter. Alps Advisors Inc. acquired a new stake in Allison Transmission in the third quarter valued at approximately $14,175,000. Y Intercept Hong Kong Ltd grew its position in Allison Transmission by 224.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 74,778 shares of the auto parts company’s stock worth $6,347,000 after acquiring an additional 51,737 shares in the last quarter. Finally, Vest Financial LLC increased its stake in shares of Allison Transmission by 26.3% during the 3rd quarter. Vest Financial LLC now owns 51,948 shares of the auto parts company’s stock worth $4,409,000 after purchasing an additional 10,815 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Raymond James Financial raised their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Wells Fargo & Company raised their target price on Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Oppenheimer upped their price target on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $112.00.

Allison Transmission Price Performance

NYSE ALSN opened at $110.65 on Monday. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $128.85. The company has a fifty day simple moving average of $114.88 and a 200 day simple moving average of $98.00. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. The company has a market cap of $9.16 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.73 and a beta of 0.96.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were given a $0.29 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, March 9th. Allison Transmission’s dividend payout ratio (DPR) is 15.83%.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was 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 $989,974.59. This represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric C. Scroggins sold 1,313 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the sale, the insider directly owned 17,654 shares in the company, valued at $2,019,617.60. This trade represents a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

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.