Aquatic Capital Management LLC Boosts Stake in Allison Transmission Holdings, Inc. $ALSN

Aquatic Capital Management LLC boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 79.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,390 shares of the auto parts company’s stock after acquiring an additional 26,208 shares during the quarter. Aquatic Capital Management LLC owned 0.07% of Allison Transmission worth $5,041,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ALSN. Boston Partners grew its stake in Allison Transmission by 117.6% in the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after buying an additional 1,101,824 shares in the last quarter. Norges Bank purchased a new position in Allison Transmission in the second quarter worth $100,347,000. Qube Research & Technologies Ltd increased its stake in Allison Transmission by 128.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock valued at $115,498,000 after acquiring an additional 683,035 shares during the last quarter. UBS Group AG increased its stake in Allison Transmission by 222.2% in the third quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock valued at $81,531,000 after acquiring an additional 662,458 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Allison Transmission by 35.7% during the second 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. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ALSN shares. Oppenheimer lifted 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. Wells Fargo & Company increased their price objective on Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Morgan Stanley upped their target price on Allison Transmission from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Two equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $112.00.

Allison Transmission Stock Up 0.5%

ALSN opened at $113.39 on Tuesday. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $128.85. 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 business’s 50-day moving average price is $114.02 and its 200-day moving average price is $97.29. The company has a market cap of $9.39 billion, a P/E ratio of 15.47, a P/E/G ratio of 0.74 and a beta of 0.96.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 9th. Allison Transmission’s payout ratio is currently 15.83%.

Insider Buying and Selling

In other news, 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 transaction, the insider owned 17,654 shares in the company, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction 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 transaction, the senior vice president directly owned 10,021 shares in the company, valued at approximately $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

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.