First Horizon Advisors Inc. increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) by 68.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,220 shares of the auto parts company’s stock after acquiring an additional 495 shares during the period. First Horizon Advisors Inc.’s holdings in Allison Transmission were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in Allison Transmission during the 3rd quarter worth approximately $1,692,000. Allspring Global Investments Holdings LLC bought a new stake in Allison Transmission during the 4th quarter worth approximately $2,278,000. Advisor Group Holdings Inc. increased its holdings in Allison Transmission by 28.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 41,906 shares of the auto parts company’s stock worth $1,524,000 after acquiring an additional 9,242 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Allison Transmission by 6.7% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 187,557 shares of the auto parts company’s stock worth $6,625,000 after acquiring an additional 11,763 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in Allison Transmission by 2.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 50,740 shares of the auto parts company’s stock worth $1,845,000 after acquiring an additional 1,300 shares during the period.
A number of equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Allison Transmission in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Credit Suisse Group lowered shares of Allison Transmission from an “outperform” rating to a “neutral” rating and set a $48.00 price target on the stock. in a report on Tuesday, February 22nd. Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, February 8th. TheStreet lowered shares of Allison Transmission from a “b” rating to a “c+” rating in a report on Friday, March 11th. Finally, Morgan Stanley increased their price target on shares of Allison Transmission from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Tuesday, April 5th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.43.
Allison Transmission (NYSE:ALSN – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The auto parts company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.14. Allison Transmission had a net margin of 18.10% and a return on equity of 65.55%. During the same quarter in the previous year, the company posted $1.07 earnings per share. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 5.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 16th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, May 13th. This represents a $0.84 annualized dividend and a yield of 2.21%. Allison Transmission’s payout ratio is currently 19.31%.
Allison Transmission Company Profile (Get Rating)
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
- Get a free copy of the StockNews.com research report on Allison Transmission (ALSN)
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