Bruni J V & Co. Co. bought a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 157,827 shares of the auto parts company’s stock, valued at approximately $15,451,000. Allison Transmission makes up about 1.5% of Bruni J V & Co. Co.’s holdings, making the stock its 23rd largest holding.
A number of other hedge funds have also recently modified their holdings of ALSN. Jane Street Group LLC grew its stake in shares of Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after buying an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Allison Transmission by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after buying an additional 11,542 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Allison Transmission by 9.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock valued at $180,000 after buying an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Allison Transmission by 441.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock valued at $97,000 after buying an additional 830 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Allison Transmission during the second quarter valued at approximately $6,111,000. Institutional investors own 96.90% of the company’s stock.
Allison Transmission Stock Up 0.0%
Shares of NYSE:ALSN opened at $113.56 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The stock has a market cap of $9.42 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.01. The business’s 50 day moving average is $121.15 and its 200 day moving average is $110.30. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23.
Allison Transmission Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s dividend payout ratio (DPR) is 18.04%.
Wall Street Analysts Forecast Growth
ALSN has been the topic of a number of analyst reports. Oppenheimer upped their target price on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Morgan Stanley upped their target price on Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Wells Fargo & Company increased their price objective on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Citigroup increased their price objective on Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Finally, Zacks Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $120.29.
Get Our Latest Research Report on Allison Transmission
Insider Buying and Selling at Allison Transmission
In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $114.40, for a total transaction of $150,207.20. Following the sale, the insider owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott A. Mell sold 2,270 shares of the 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 sale, the chief financial officer directly owned 1,053 shares in the company, valued at $131,625. This trade represents a 68.31% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.
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.
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Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report).
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