Allison Transmission Holdings, Inc. $ALSN Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 47.5% in the 1st quarter, HoldingsChannel reports. The fund owned 227,271 shares of the auto parts company’s stock after buying an additional 73,191 shares during the quarter. Empowered Funds LLC’s holdings in Allison Transmission were worth $26,604,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Millstone Evans Group LLC purchased a new stake in shares of Allison Transmission in the 1st quarter valued at about $26,000. Cedar Mountain Advisors LLC purchased a new position in Allison Transmission during the 1st quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new position in Allison Transmission during the 1st quarter worth approximately $28,000. Larson Financial Group LLC increased its position in Allison Transmission by 536.7% during the fourth 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. Finally, Transamerica Financial Advisors LLC lifted its stake in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after buying an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Morgan Stanley raised their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Citigroup dropped their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. 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. According to MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average target price of $131.17.

Insider Activity

In related news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Price Performance

Allison Transmission stock opened at $121.92 on Tuesday. 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 business has a 50 day simple moving average of $115.94 and a 200-day simple moving average of $117.48. The stock has a market capitalization of $10.11 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. Allison Transmission’s quarterly revenue was up 83.6% on a year-over-year basis. During the same period last year, the firm posted $2.23 EPS. Equities analysts predict that Allison Transmission Holdings, Inc. will post 9.65 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders 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 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s payout ratio is presently 18.04%.

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.