BankChampaign National Association purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) in the first quarter, HoldingsChannel reports. The firm purchased 6,936 shares of the auto parts company’s stock, valued at approximately $812,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of Allison Transmission by 341.3% in the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after buying an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Allison Transmission by 5.7% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in 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 worth $180,000 after acquiring an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in 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 worth $97,000 after acquiring an additional 830 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Allison Transmission in the second quarter valued at about $6,111,000. Institutional investors and hedge funds own 96.90% of the company’s stock.
Insider Transactions at Allison Transmission
In related news, CFO Scott A. Mell sold 2,270 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the completion of the transaction, the chief financial officer owned 1,053 shares of the company’s stock, valued at approximately $131,625. This represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Allison Transmission
Allison Transmission Stock Performance
Allison Transmission stock opened at $115.30 on Friday. The firm has a market capitalization of $9.56 billion, a P/E ratio of 17.93, a PEG ratio of 0.63 and a beta of 0.95. The stock has a fifty day moving average price of $116.46 and a 200 day moving average price of $117.79. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23.
Allison Transmission (NYSE:ALSN – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm’s quarterly revenue was up 83.6% on a year-over-year basis. During the same period last year, the company earned $2.23 EPS. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.65 earnings per share for the current year.
Allison Transmission Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, May 18th. Allison Transmission’s payout ratio is presently 18.04%.
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.
Featured Stories
- Five stocks we like better than Allison Transmission
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
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).
Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.
