Islay Capital Management LLC Invests $637,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Islay Capital Management LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,947 shares of the auto parts company’s stock, valued at approximately $637,000.

Several other large investors also recently made changes to their positions in ALSN. Federated Hermes Inc. boosted its stake in shares of Allison Transmission by 62.5% during the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after acquiring an additional 307,322 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Allison Transmission by 17.8% during the 3rd quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock worth $87,264,000 after acquiring an additional 222,863 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Allison Transmission by 104.0% during the 3rd quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company’s stock worth $12,827,000 after acquiring an additional 110,722 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Allison Transmission during the 3rd quarter worth about $6,332,000. Finally, ClariVest Asset Management LLC boosted its stake in shares of Allison Transmission by 402,208.3% during the 3rd quarter. ClariVest Asset Management LLC now owns 96,554 shares of the auto parts company’s stock worth $5,702,000 after acquiring an additional 96,530 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now directly owns 14,456 shares of the company’s stock, valued at approximately $1,089,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Dana Jh Pittard sold 2,686 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the transaction, the vice president now directly owns 5,143 shares in the company, valued at approximately $374,616.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the transaction, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The disclosure for this sale can be found here. Insiders sold 87,843 shares of company stock valued at $6,244,562 in the last three months. Corporate insiders own 0.93% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN traded down $2.32 during mid-day trading on Tuesday, reaching $73.76. The company had a trading volume of 521,434 shares, compared to its average volume of 685,592. Allison Transmission Holdings, Inc. has a twelve month low of $45.36 and a twelve month high of $83.42. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94. The company’s 50-day moving average is $77.94 and its 200-day moving average is $64.51. The company has a market capitalization of $6.46 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.38 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a return on equity of 58.05% and a net margin of 21.80%. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $772.37 million. During the same period in the prior year, the firm posted $1.85 EPS. Allison Transmission’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 7.71 EPS for the current year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ALSN. The Goldman Sachs Group increased their target price on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. Morgan Stanley began coverage on Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective for the company. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Finally, Oppenheimer raised their price objective on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $71.71.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.