Robotti Robert bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor bought 58,544 shares of the auto parts company’s stock, valued at approximately $6,600,000. Allison Transmission accounts for approximately 1.1% of Robotti Robert’s investment portfolio, making the stock its 24th largest holding.
Several other hedge funds and other institutional investors have also modified their holdings of ALSN. BlackRock Inc. acquired a new stake in Allison Transmission during the 2nd quarter worth about $448,232,000. Fuller & Thaler Asset Management Inc. grew its stake in Allison Transmission by 16.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock valued at $324,407,000 after acquiring an additional 466,366 shares in the last quarter. Boston Partners increased its holdings in shares of Allison Transmission by 13.6% in the 4th quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock valued at $226,879,000 after purchasing an additional 277,811 shares during the period. Bank of Montreal Can increased its holdings in shares of Allison Transmission by 4,032.3% in the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after purchasing an additional 2,099,797 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Allison Transmission by 85.2% in the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock worth $237,234,000 after purchasing an additional 932,201 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
Insider Buying and Selling
In related news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the transaction, the insider owned 16,604 shares in the company, valued at $2,075,500. This trade represents a 5.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on ALSN
Allison Transmission Stock Down 1.0%
Shares of ALSN stock opened at $125.78 on Wednesday. The stock’s 50 day simple moving average is $118.32 and its 200 day simple moving average is $118.91. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.67 and a beta of 0.95.
Allison Transmission (NYSE:ALSN – Get Free Report) last announced its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The company’s revenue was up 92.4% on a year-over-year basis. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.
Allison Transmission Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Allison Transmission’s dividend payout ratio is currently 18.44%.
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.
Featured Stories
- Five stocks we like better than Allison Transmission
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
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.
