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

JPMorgan Chase & Co. raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.5% in the third quarter, Holdings Channel.com reports. The firm owned 377,739 shares of the auto parts company’s stock after acquiring an additional 23,025 shares during the period. JPMorgan Chase & Co.’s holdings in Allison Transmission were worth $32,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rossby Financial LCC lifted its stake in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares during the period. Employees Retirement System of Texas bought a new position in Allison Transmission during the second quarter valued at about $38,000. True Wealth Design LLC raised its holdings in Allison Transmission by 93.2% in the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 shares in the last quarter. First Horizon Corp acquired a new position in Allison Transmission in the 3rd quarter valued at approximately $40,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of Allison Transmission by 4,716.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 566 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

ALSN has been the topic of a number of research reports. Citigroup boosted their price objective on Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Wells Fargo & Company boosted their price target on shares of Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Oppenheimer increased their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $112.00.

Allison Transmission Price Performance

Allison Transmission stock opened at $110.65 on Monday. The business has a 50 day simple moving average of $114.88 and a 200 day simple moving average of $98.00. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. The company has a market capitalization of $9.16 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.73 and a beta of 0.96. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $128.85.

Allison Transmission Increases Dividend

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

Insider Buying and Selling at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction 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 sale, the insider owned 17,654 shares in the company, valued at approximately $2,019,617.60. The trade was a 6.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 1,791 shares of the company’s stock in a transaction dated 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 directly owned 10,021 shares in the company, valued at approximately $989,974.59. The trade was a 15.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by insiders.

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.