AdvisorShares Investments LLC Grows Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

AdvisorShares Investments LLC raised its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 77,187 shares of the auto parts company’s stock after buying an additional 6,808 shares during the period. Allison Transmission makes up about 1.3% of AdvisorShares Investments LLC’s portfolio, making the stock its 12th biggest holding. AdvisorShares Investments LLC’s holdings in Allison Transmission were worth $7,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caprock Group LLC boosted its position in shares of Allison Transmission by 191.5% during the fourth quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company’s stock worth $2,550,000 after buying an additional 17,114 shares during the period. SG Americas Securities LLC boosted its position in shares of Allison Transmission by 109.9% during the fourth quarter. SG Americas Securities LLC now owns 17,014 shares of the auto parts company’s stock worth $1,666,000 after buying an additional 8,910 shares during the period. Alps Advisors Inc. purchased a new position in shares of Allison Transmission during the third quarter worth $14,175,000. JPMorgan Chase & Co. boosted its position in shares of Allison Transmission by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 377,739 shares of the auto parts company’s stock worth $32,063,000 after buying an additional 23,025 shares during the period. Finally, UBS Group AG boosted its position in shares of Allison Transmission by 30.4% during the fourth quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock worth $122,590,000 after buying an additional 291,649 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.00, for a total value of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares in the company, valued at $131,625. This trade represents a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric C. Scroggins sold 1,313 shares of the firm’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 completion of the sale, the insider owned 17,654 shares in the company, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

Allison Transmission Stock Up 0.0%

Allison Transmission stock opened at $113.56 on Friday. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. The stock has a market cap of $9.42 billion, a PE ratio of 17.66, a P/E/G ratio of 0.61 and a beta of 1.01. The stock’s fifty day moving average is $121.15 and its two-hundred day moving average is $110.30.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $2.23 earnings per share. Allison Transmission’s quarterly revenue was up 83.6% on a year-over-year basis. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a $0.29 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is currently 18.04%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley raised their price target on Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Oppenheimer lifted their target price on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Citigroup lifted their target price on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $120.29.

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.