Stephens Inc. AR increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,537 shares of the auto parts company’s stock after acquiring an additional 6,190 shares during the period. Stephens Inc. AR’s holdings in Allison Transmission were worth $3,773,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rossby Financial LCC raised its holdings in shares of Allison Transmission by 107.0% during the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 153 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Allison Transmission in the fourth quarter valued at $51,000. Wolverine Asset Management LLC grew its position in Allison Transmission by 120.4% in the fourth quarter. Wolverine Asset Management LLC now owns 695 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 4,100 shares in the last quarter. Advisory Services Network LLC bought a new position in Allison Transmission in the third quarter valued at $61,000. Finally, Hazlett Burt & Watson Inc. grew its position in Allison Transmission by 375.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 950 shares of the auto parts company’s stock valued at $80,000 after purchasing an additional 750 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.
Allison Transmission Stock Performance
Shares of ALSN opened at $114.16 on Tuesday. The firm has a 50-day moving average of $121.73 and a 200-day moving average of $108.63. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62. The company has a market cap of $9.47 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18.
Allison Transmission Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, May 18th. Allison Transmission’s dividend payout ratio (DPR) is 18.04%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on ALSN. Morgan Stanley raised their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Zacks Research downgraded shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Oppenheimer raised their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Finally, Citigroup raised their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $116.50.
Get Our Latest Research Report on ALSN
Insider Transactions at Allison Transmission
In other news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction dated 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 transaction, the chief financial officer owned 1,053 shares of the company’s stock, valued at $131,625. This trade represents a 68.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the transaction, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.
Allison Transmission 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
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
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.
