Federated Hermes Inc. Buys 50,625 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Federated Hermes Inc. raised its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 906,370 shares of the auto parts company’s stock after purchasing an additional 50,625 shares during the period. Federated Hermes Inc.’s holdings in Allison Transmission were worth $68,793,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ALSN. Versant Capital Management Inc boosted its stake in shares of Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares during the period. Triad Wealth Partners LLC bought a new position in shares of Allison Transmission in the second quarter worth about $33,000. TFO Wealth Partners LLC boosted its stake in shares of Allison Transmission by 8,975.0% in the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 718 shares during the period. Fifth Third Bancorp lifted its position in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after buying an additional 506 shares in the last quarter. Finally, Quent Capital LLC lifted its position in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on ALSN shares. The Goldman Sachs Group boosted their target price on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Citigroup began coverage on Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price on the stock. Robert W. Baird upped their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. Finally, Raymond James began coverage on Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $79.57.

Allison Transmission Price Performance

Shares of ALSN stock opened at $87.38 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $50.13 and a 52-week high of $92.82. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The firm has a market capitalization of $7.61 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.54 and a beta of 0.99. The stock has a 50 day moving average price of $85.34 and a 200 day moving average price of $79.64.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. The firm had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. Allison Transmission’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.14%. Allison Transmission’s payout ratio is currently 13.35%.

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.