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

Arrowstreet Capital Limited Partnership raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.8% during the first quarter, HoldingsChannel.com reports. The firm owned 802,791 shares of the auto parts company’s stock after purchasing an additional 50,892 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Allison Transmission were worth $93,975,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Allison Transmission by 4,032.3% in the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after purchasing an additional 2,099,797 shares during the period. Norges Bank purchased a new stake in shares of Allison Transmission during the fourth quarter valued at $115,674,000. Boston Partners boosted its stake in shares of Allison Transmission by 117.6% during the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after purchasing an additional 1,101,824 shares during the period. First Trust Advisors LP grew its holdings in shares of Allison Transmission by 85.2% in the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock worth $237,234,000 after purchasing an additional 932,201 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Allison Transmission by 191.7% in the fourth quarter. Millennium Management LLC now owns 1,257,353 shares of the auto parts company’s stock worth $123,095,000 after purchasing an additional 826,352 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN opened at $122.15 on Friday. The company has a 50 day moving average price of $115.79 and a 200-day moving average price of $117.20. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The stock has a market capitalization of $10.13 billion, a PE ratio of 19.00, a PEG ratio of 0.68 and a beta of 0.95. 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 (NYSE:ALSN) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The business’s revenue was up 83.6% compared to the same quarter last year. During the same period last year, the business posted $2.23 EPS. Equities analysts predict that Allison Transmission Holdings, Inc. will post 9.65 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued 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 0.9%. Allison Transmission’s payout ratio is currently 18.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ALSN. Morgan Stanley lifted their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Wells Fargo & Company raised their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Citigroup lowered their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. One research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $131.17.

Insider Activity at Allison Transmission

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

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.