Exchange Traded Concepts LLC Makes New $745,000 Investment in Allison Transmission Holdings, Inc. $ALSN

Exchange Traded Concepts LLC purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, HoldingsChannel reports. The institutional investor purchased 8,781 shares of the auto parts company’s stock, valued at approximately $745,000.

Several other institutional investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new stake in shares of Allison Transmission in the 2nd quarter valued at about $28,000. WPG Advisers LLC acquired a new position in Allison Transmission during the first quarter worth approximately $34,000. Cullen Frost Bankers Inc. increased its position in Allison Transmission by 3,108.3% during the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after buying an additional 373 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Allison Transmission in the second quarter valued at approximately $38,000. Finally, Steph & Co. acquired a new stake in shares of Allison Transmission in the second quarter valued at approximately $41,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of recent analyst reports. Wells Fargo & Company began coverage on Allison Transmission in a report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective 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. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Citigroup raised their target price on shares of Allison Transmission from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Finally, Raymond James Financial upped their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $95.13.

Allison Transmission Trading Down 1.1%

Shares of Allison Transmission stock opened at $99.85 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82. The firm has a 50-day moving average of $88.87 and a 200-day moving average of $88.81. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $121.81. The stock has a market cap of $8.31 billion, a PE ratio of 12.24 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The business had revenue of $693.00 million during the quarter, compared to analyst estimates of $779.97 million. During the same quarter last year, the firm earned $2.27 EPS. Allison Transmission’s revenue for the quarter was down 15.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Allison Transmission’s dividend payout ratio is currently 13.24%.

Allison Transmission Company 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.