Fairvoy Private Wealth LLC Invests $806,000 in Allison Transmission Holdings, Inc. $ALSN

Fairvoy Private Wealth LLC acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,887 shares of the auto parts company’s stock, valued at approximately $806,000.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after buying an additional 263 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after buying an additional 338 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Allison Transmission in the 4th quarter valued at approximately $51,000. Advisory Services Network LLC purchased a new position in Allison Transmission in the 3rd quarter valued at approximately $61,000. Finally, Platinum Investment Management Ltd. acquired a new position in shares of Allison Transmission in the fourth quarter worth $62,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In related news, CFO Scott A. Mell sold 2,270 shares of the company’s stock in a transaction that occurred on 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 directly owned 1,053 shares of the company’s stock, valued at $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 available through this hyperlink. 1.10% of the stock is owned by company insiders.

Allison Transmission Stock Up 3.9%

Allison Transmission stock opened at $124.35 on Friday. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. The stock has a market cap of $10.31 billion, a PE ratio of 19.34, a P/E/G ratio of 0.65 and a beta of 0.94. The stock’s fifty day moving average is $120.72 and its two-hundred day moving average is $114.81.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $2.23 EPS. Allison Transmission’s revenue for the quarter was up 83.6% on a year-over-year basis. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a dividend of $0.29 per share. The ex-dividend date was Monday, May 18th. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s payout ratio is presently 18.04%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALSN. Morgan Stanley upped their price objective on Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wells Fargo & Company boosted their target price 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 downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Finally, Citigroup increased their price target on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $127.17.

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.