Winmill & CO. Inc. acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 79,500 shares of the auto parts company’s stock, valued at approximately $7,552,000. Allison Transmission accounts for about 2.1% of Winmill & CO. Inc.’s holdings, making the stock its 22nd biggest position.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compound Planning Inc. raised its holdings in Allison Transmission by 5.3% during the 1st quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company’s stock worth $209,000 after purchasing an additional 109 shares during the last quarter. Callan Family Office LLC raised its holdings in Allison Transmission by 5.1% during the 1st quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 126 shares during the last quarter. KBC Group NV raised its holdings in Allison Transmission by 3.7% during the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company’s stock worth $344,000 after purchasing an additional 127 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in Allison Transmission by 2.1% during the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock worth $594,000 after purchasing an additional 131 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Allison Transmission by 9.8% during the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company’s stock worth $148,000 after purchasing an additional 138 shares during the last quarter. 96.90% of the stock is owned by institutional investors.
Allison Transmission Stock Performance
Shares of NYSE:ALSN opened at $82.82 on Monday. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 9.41 and a beta of 1.01. The firm’s 50 day simple moving average is $86.05 and its 200 day simple moving average is $91.63. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. Allison Transmission Holdings, Inc. has a fifty-two week low of $79.35 and a fifty-two week high of $122.53.
Allison Transmission Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, August 20th. Allison Transmission’s dividend payout ratio (DPR) is 12.27%.
Analyst Upgrades and Downgrades
ALSN has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price objective on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Raymond James Financial lowered their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. Finally, Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $97.38.
Read Our Latest Stock Analysis on ALSN
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.
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