Lombard Odier Asset Management USA Corp Makes New Investment in Allison Transmission Holdings, Inc. $ALSN

Lombard Odier Asset Management USA Corp bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 11,675 shares of the auto parts company’s stock, valued at approximately $1,143,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its position in Allison Transmission by 380.6% during the 4th quarter. Captrust Financial Advisors now owns 150,993 shares of the auto parts company’s stock worth $14,782,000 after purchasing an additional 119,578 shares during the period. &PARTNERS increased its position in Allison Transmission by 3.2% during the 4th quarter. &PARTNERS now owns 4,726 shares of the auto parts company’s stock worth $463,000 after purchasing an additional 148 shares during the period. Alberta Investment Management Corp acquired a new position in Allison Transmission during the 4th quarter worth approximately $1,576,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Allison Transmission by 19.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,559 shares of the auto parts company’s stock worth $642,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Mariner LLC boosted its stake in shares of Allison Transmission by 72.6% during the 4th quarter. Mariner LLC now owns 23,545 shares of the auto parts company’s stock worth $2,307,000 after acquiring an additional 9,903 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

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

Analyst Ratings Changes

Several equities research analysts have recently commented on ALSN shares. Oppenheimer boosted their price target on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Wells Fargo & Company boosted their price target on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Morgan Stanley boosted their price target on Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Allison Transmission currently has an average rating of “Moderate Buy” and a consensus price target of $127.17.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $121.19 on Wednesday. The business’s 50 day simple moving average is $121.42 and its 200-day simple moving average is $113.34. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 0.64 and a beta of 0.94. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62.

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

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid 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 presently 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.