Vise Technologies Inc. Acquires Shares of 9,291 Allison Transmission Holdings, Inc. $ALSN

Vise Technologies Inc. acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 9,291 shares of the auto parts company’s stock, valued at approximately $1,047,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALSN. Millstone Evans Group LLC acquired a new stake in shares of Allison Transmission in the 1st quarter worth about $26,000. Cedar Mountain Advisors LLC acquired a new position in Allison Transmission during the 1st quarter valued at about $27,000. Cassaday & Co Wealth Management LLC acquired a new position in Allison Transmission during the 1st quarter valued at about $28,000. Larson Financial Group LLC increased its holdings in Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 338 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Activity at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on ALSN shares. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Citigroup cut their target price on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Morgan Stanley increased their price target on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, Wells Fargo & Company raised their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Allison Transmission has a consensus rating of “Moderate Buy” and an average price target of $131.17.

View Our Latest Stock Report on Allison Transmission

Allison Transmission Trading Up 3.3%

Shares of ALSN stock opened at $133.41 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week 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 50-day simple moving average of $119.13 and a two-hundred day simple moving average of $119.24. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.71 and a beta of 0.95.

Allison Transmission (NYSE:ALSNGet Free Report) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $2.29 EPS. The company’s revenue for the quarter was up 92.4% on a year-over-year basis. Research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Allison Transmission Company Profile

(Free Report)

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.

See Also

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:ALSNFree Report).

Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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