Vise Technologies Inc. acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Free 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
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:ALSN – Get 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
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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