Allison Transmission Holdings, Inc. $ALSN Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 46.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,911 shares of the auto parts company’s stock after buying an additional 71,229 shares during the quarter. Hsbc Holdings PLC’s holdings in Allison Transmission were worth $25,861,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in Allison Transmission during the 1st quarter valued at about $26,000. Larson Financial Group LLC boosted its position in shares of Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 263 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in Allison Transmission by 2,112.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 338 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Allison Transmission in the 4th quarter valued at about $51,000. Finally, Platinum Investment Management Ltd. acquired a new position in Allison Transmission in the 4th quarter valued at about $62,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of research analyst reports. Citigroup reduced their target price on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company raised their target price on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $131.17.

Allison Transmission Trading Up 2.1%

NYSE ALSN opened at $116.09 on Wednesday. The firm’s fifty day moving average price is $115.80 and its 200 day moving average price is $116.87. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month 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 company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 0.61 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, May 4th. The auto parts company reported $2.57 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 business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm earned $2.23 earnings per share. The business’s revenue was up 83.6% compared to the same quarter last year. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.91 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

Insider Buying and Selling at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the transaction, the chief financial officer directly owned 1,053 shares in the company, valued at approximately $131,625. This trade represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.