Arrowstreet Capital Limited Partnership Lowers Stock Position in Allison Transmission Holdings, Inc. $ALSN

Arrowstreet Capital Limited Partnership lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 489,375 shares of the auto parts company’s stock after selling 9,492 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Allison Transmission were worth $46,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec raised its position in Allison Transmission by 109.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock valued at $88,919,000 after purchasing an additional 484,916 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Allison Transmission by 9.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 331,614 shares of the auto parts company’s stock worth $31,726,000 after purchasing an additional 27,384 shares in the last quarter. Signaturefd LLC increased its position in shares of Allison Transmission by 38.7% during the 2nd quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock valued at $81,000 after purchasing an additional 238 shares during the last quarter. Arcus Capital Partners LLC purchased a new position in shares of Allison Transmission during the 2nd quarter valued at about $381,000. Finally, Mackenzie Financial Corp lifted its position in Allison Transmission by 2,937.4% in the 2nd quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company’s stock worth $17,606,000 after buying an additional 179,243 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Up 2.5%

NYSE ALSN opened at $92.68 on Friday. The stock has a market cap of $7.71 billion, a P/E ratio of 11.36 and a beta of 0.99. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $121.81. The stock has a 50 day simple moving average of $83.78 and a two-hundred day simple moving average of $89.46. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Allison Transmission (NYSE:ALSN) last announced its earnings results 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). Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. During the same quarter in the prior year, the company earned $2.27 EPS. Allison Transmission’s revenue was down 15.9% compared to the same quarter last year. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were issued a $0.27 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission’s dividend payout ratio is 13.24%.

Analyst Ratings Changes

ALSN has been the topic of a number of recent research reports. 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. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company started coverage on shares of Allison Transmission in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price target for the company. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Citigroup dropped their price objective on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Allison Transmission has an average rating of “Reduce” and a consensus target price of $92.00.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.