Stephens Inc. AR Takes $2.75 Million Position in Allison Transmission Holdings, Inc. $ALSN

Stephens Inc. AR bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 32,347 shares of the auto parts company’s stock, valued at approximately $2,746,000.

Several other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in Allison Transmission by 18.9% in the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after purchasing an additional 304,974 shares during the period. State Street Corp grew its stake in Allison Transmission by 1.1% during the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock valued at $156,951,000 after acquiring an additional 17,783 shares in the last quarter. Federated Hermes Inc. increased its stake in Allison Transmission by 35.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after buying an additional 406,540 shares during the period. Qube Research & Technologies Ltd boosted its position in Allison Transmission by 128.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock valued at $115,498,000 after purchasing an additional 683,035 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Allison Transmission by 3.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,081,292 shares of the auto parts company’s stock valued at $102,712,000 after buying an additional 33,073 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Trading Down 1.0%

Shares of Allison Transmission stock opened at $110.39 on Friday. The stock has a market capitalization of $9.19 billion, a P/E ratio of 13.53 and a beta of 0.98. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $121.81. The company has a 50-day simple moving average of $94.70 and a 200 day simple moving average of $89.76.

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

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, November 21st. Allison Transmission’s payout ratio is 13.24%.

Insider Activity

In related news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares in the company, valued at $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on ALSN shares. JPMorgan Chase & Co. raised their target price on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Wells Fargo & Company began coverage on Allison Transmission in a report on Thursday, November 13th. They issued 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 research report on Friday, October 24th. Finally, Raymond James Financial boosted their price objective on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $99.25.

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.