Allison Transmission Holdings, Inc. $ALSN is Mountain Lake Investment Management LLC’s 7th Largest Position

Mountain Lake Investment Management LLC increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 927.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,823 shares of the auto parts company’s stock after acquiring an additional 90,110 shares during the period. Allison Transmission makes up about 6.3% of Mountain Lake Investment Management LLC’s holdings, making the stock its 7th biggest position. Mountain Lake Investment Management LLC’s holdings in Allison Transmission were worth $8,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rossby Financial LCC increased its holdings in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 153 shares during the period. Employees Retirement System of Texas bought a new stake in Allison Transmission during the second quarter valued at $38,000. True Wealth Design LLC boosted its stake in Allison Transmission by 93.2% during the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after buying an additional 218 shares during the period. First Horizon Corp purchased a new position in Allison Transmission during the third quarter worth about $40,000. Finally, SJS Investment Consulting Inc. grew its position in Allison Transmission by 4,716.7% during the third quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock worth $49,000 after buying an additional 566 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Citigroup boosted their price objective on Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Oppenheimer upped their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company lifted their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $112.00.

Allison Transmission Stock Up 0.5%

ALSN opened at $113.39 on Tuesday. The business’s fifty day simple moving average is $114.02 and its 200 day simple moving average is $97.29. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $128.85. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The stock has a market cap of $9.39 billion, a PE ratio of 15.47, a P/E/G ratio of 0.74 and a beta of 0.96.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, March 9th. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio (DPR) is currently 15.83%.

Insider Activity

In related news, insider Eric C. Scroggins sold 1,313 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $114.40, for a total transaction of $150,207.20. Following the transaction, the insider directly owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares in the company, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.

Allison Transmission Profile

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.