PEAK6 Investments L.P. grew its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 108.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,183 shares of the auto parts company’s stock after buying an additional 28,652 shares during the period. PEAK6 Investments L.P.’s holdings in Allison Transmission were worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. increased its position in Allison Transmission by 0.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 5,149,530 shares of the auto parts company’s stock worth $221,790,000 after purchasing an additional 34,690 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Allison Transmission by 2.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,065,472 shares of the auto parts company’s stock worth $132,030,000 after purchasing an additional 68,837 shares during the last quarter. Neuberger Berman Group LLC increased its position in Allison Transmission by 0.4% in the third quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock worth $102,554,000 after purchasing an additional 10,476 shares during the last quarter. Jennison Associates LLC increased its position in Allison Transmission by 44.5% in the fourth quarter. Jennison Associates LLC now owns 2,584,627 shares of the auto parts company’s stock worth $111,320,000 after purchasing an additional 796,191 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Allison Transmission by 11.8% in the third quarter. Schroder Investment Management Group now owns 2,430,400 shares of the auto parts company’s stock worth $90,459,000 after purchasing an additional 255,688 shares during the last quarter.
Several equities research analysts recently weighed in on ALSN shares. Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the stock a “sell” rating in a research report on Friday, November 17th. ValuEngine cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Royal Bank of Canada cut shares of Allison Transmission from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $46.00 to $50.00 in a research report on Friday, February 16th. JPMorgan Chase & Co. cut shares of Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 price target on the stock. in a research report on Friday, February 16th. Finally, Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, February 21st. Three analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Allison Transmission currently has an average rating of “Hold” and a consensus price target of $43.82.
Allison Transmission Holdings Inc (ALSN) opened at $38.28 on Wednesday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.15 and a current ratio of 1.52. Allison Transmission Holdings Inc has a 1 year low of $32.93 and a 1 year high of $45.69. The firm has a market cap of $5,450.00, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20.
Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. The business had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $576.57 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business’s revenue was up 25.4% compared to the same quarter last year. equities research analysts expect that Allison Transmission Holdings Inc will post 3.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, February 16th. Allison Transmission’s dividend payout ratio is currently 25.53%.
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Allison Transmission Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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