WINTON GROUP Ltd Makes New $999,000 Investment in Allison Transmission Holdings, Inc. $ALSN

WINTON GROUP Ltd purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, Holdings Channel.com reports. The fund purchased 10,200 shares of the auto parts company’s stock, valued at approximately $999,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALSN. Jane Street Group LLC increased its stake in Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after acquiring an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Allison Transmission by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after acquiring an additional 11,542 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Allison Transmission by 9.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after acquiring an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Allison Transmission by 441.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock valued at $97,000 after buying an additional 830 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Allison Transmission in the second quarter valued at about $6,111,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of recent research reports. Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Wells Fargo & Company increased their target price on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Citigroup increased their target price on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Finally, Morgan Stanley increased their target price on Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $120.29.

Insider Buying and Selling

In related news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total value of $283,750.00. Following the completion of the transaction, the chief financial officer owned 1,053 shares of the company’s stock, valued at approximately $131,625. This represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $117.77 on Wednesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $137.62. The firm has a market cap of $9.77 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.62 and a beta of 0.94. The stock has a 50-day simple moving average of $121.33 and a 200-day simple moving average of $112.22.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.Allison Transmission’s revenue for the quarter was up 83.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.23 earnings per share. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.96 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s dividend payout ratio is currently 18.04%.

Allison Transmission Company 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.