Castleark Management LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 64,910 shares of the auto parts company’s stock, valued at approximately $7,318,000.
Several other large investors also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in shares of Allison Transmission during the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in shares of Allison Transmission in the first quarter valued at $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Allison Transmission in the first quarter valued at $28,000. Larson Financial Group LLC grew 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 valued at $31,000 after purchasing an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew 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 valued at $35,000 after purchasing an additional 338 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
Allison Transmission Stock Up 0.3%
Shares of Allison Transmission stock opened at $131.74 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The firm has a market cap of $10.88 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.70 and a beta of 0.95. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The business has a 50-day moving average price of $119.58 and a 200 day moving average price of $119.57.
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 paid a dividend of $0.29 per share. The ex-dividend date is Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is 18.44%.
Insider Buying and Selling at Allison Transmission
In other Allison Transmission news, CEO David S. Graziosi sold 26,708 shares of Allison Transmission stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the transaction, the chief executive officer owned 304,843 shares of the company’s stock, valued at $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 completion of the transaction, the insider directly owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This represents a 5.95% 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.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on ALSN shares. Citigroup cut their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Morgan Stanley boosted their price target on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. 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. Finally, Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.17.
Read Our Latest Research Report on Allison Transmission
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.
Recommended Stories
- Five stocks we like better than Allison Transmission
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
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.
