Fairvoy Private Wealth LLC Acquires Shares of 6,887 Allison Transmission Holdings, Inc. $ALSN

Fairvoy Private Wealth LLC bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,887 shares of the auto parts company’s stock, valued at approximately $806,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. lifted its position in Allison Transmission by 16.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock worth $324,407,000 after buying an additional 466,366 shares in the last quarter. Boston Partners grew its holdings in Allison Transmission by 13.6% in the 4th quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock valued at $226,879,000 after buying an additional 277,811 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Allison Transmission by 4,032.3% in the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after acquiring an additional 2,099,797 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Allison Transmission by 18.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after acquiring an additional 304,974 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Allison Transmission by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,907,768 shares of the auto parts company’s stock worth $161,926,000 after acquiring an additional 32,996 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission 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 completion of the sale, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at approximately $131,625. The trade was a 68.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ALSN. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Morgan Stanley lifted their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Citigroup boosted their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company increased their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and an average target price of $127.17.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $124.35 on Friday. The firm’s 50 day moving average price is $120.72 and its 200-day moving average price is $114.81. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62. The firm has a market cap of $10.31 billion, a P/E ratio of 19.34, a P/E/G ratio of 0.65 and a beta of 0.94.

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

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, May 18th. Allison Transmission’s dividend payout ratio (DPR) is currently 18.04%.

Allison Transmission 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.