CW Advisors LLC Purchases Shares of 26,143 Allison Transmission Holdings, Inc. $ALSN

CW Advisors LLC acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, HoldingsChannel reports. The fund acquired 26,143 shares of the auto parts company’s stock, valued at approximately $2,483,000.

Several other large investors have also made changes to their positions in ALSN. Trust Co. of Toledo NA OH acquired a new position in Allison Transmission in the second quarter valued at $28,000. SVB Wealth LLC purchased a new position in shares of Allison Transmission in the 1st quarter worth about $33,000. WPG Advisers LLC acquired a new position in shares of Allison Transmission in the 1st quarter valued at about $34,000. Cullen Frost Bankers Inc. lifted its stake in shares of Allison Transmission by 3,108.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 373 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Allison Transmission during the 2nd quarter worth about $38,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company initiated coverage on shares of Allison Transmission in a research report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price target for the company. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, Citigroup reduced their price objective on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Allison Transmission has an average rating of “Reduce” and an average target price of $92.00.

Allison Transmission Price Performance

ALSN opened at $92.68 on Friday. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $121.81. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 11.36 and a beta of 0.99. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $83.78 and a 200 day simple moving average of $89.34.

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

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 21st. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission’s payout ratio is currently 13.24%.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.