Robotti Robert Grows Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Robotti Robert increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,993 shares of the auto parts company’s stock after acquiring an additional 485 shares during the quarter. Allison Transmission makes up about 0.7% of Robotti Robert’s investment portfolio, making the stock its 26th largest position. Robotti Robert owned approximately 0.07% of Allison Transmission worth $4,869,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. NewEdge Wealth LLC lifted its position in shares of Allison Transmission by 9.1% during the fourth quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock valued at $30,229,000 after buying an additional 43,243 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Allison Transmission by 43.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock valued at $2,712,000 after purchasing an additional 14,168 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Allison Transmission in the 1st quarter valued at approximately $1,229,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Allison Transmission in the 1st quarter valued at approximately $1,342,000. Finally, UBS Group AG raised its position in shares of Allison Transmission by 35.7% in the 4th quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock valued at $7,853,000 after purchasing an additional 35,501 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

ALSN stock traded down $0.30 during midday trading on Monday, reaching $87.46. The stock had a trading volume of 545,142 shares, compared to its average volume of 648,103. The company’s fifty day simple moving average is $76.92 and its 200 day simple moving average is $74.13. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 52-week low of $50.13 and a 52-week high of $88.63.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a return on equity of 54.59% and a net margin of 21.95%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.69 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.14%. Allison Transmission’s dividend payout ratio is presently 13.35%.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the sale, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ALSN. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Citigroup assumed coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target on the stock. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Raymond James assumed coverage on shares of Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and a consensus target price of $76.75.

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.