Sei Investments Co. grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) by 91.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 240,179 shares of the auto parts company’s stock after acquiring an additional 114,526 shares during the period. Sei Investments Co. owned 0.29% of Allison Transmission worth $28,116,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of ALSN. Jane Street Group LLC boosted 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 purchasing an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Allison Transmission by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after acquiring an additional 11,542 shares during the period. Northwestern Mutual Wealth Management Co. raised 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 acquiring an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC raised 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 acquiring an additional 830 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Allison Transmission during the second quarter worth $6,111,000. Institutional investors own 96.90% of the company’s stock.
Allison Transmission Stock Performance
Shares of ALSN opened at $121.92 on Tuesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. The stock has a 50 day moving average price of $115.94 and a two-hundred day moving average price of $117.48. The firm has a market capitalization of $10.11 billion, a P/E ratio of 18.96, a P/E/G ratio of 0.68 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62.
Allison Transmission Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s payout ratio is currently 18.04%.
Insider Transactions at Allison Transmission
In other news, CFO Scott A. Mell sold 2,270 shares of the company’s 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 completion of the sale, the chief financial officer owned 1,053 shares in the company, valued at $131,625. This represents a 68.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on ALSN shares. Morgan Stanley boosted their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Wells Fargo & Company raised their price objective on 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 objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $131.17.
Read Our Latest Research Report on Allison Transmission
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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