Wasatch Advisors LP Boosts Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Wasatch Advisors LP boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 105.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,510,496 shares of the auto parts company’s stock after purchasing an additional 776,169 shares during the period. Wasatch Advisors LP’s holdings in Allison Transmission were worth $170,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ALSN. Fuller & Thaler Asset Management Inc. increased its position in Allison Transmission by 16.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock worth $324,407,000 after purchasing an additional 466,366 shares during the period. Boston Partners lifted its holdings in shares of Allison Transmission by 13.6% in the 4th quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock valued at $226,879,000 after buying an additional 277,811 shares during the period. Bank of Montreal Can boosted its stake in shares of Allison Transmission by 4,032.3% in the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after buying an additional 2,099,797 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Allison Transmission by 85.2% in the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock valued at $237,234,000 after buying an additional 932,201 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Allison Transmission by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after acquiring an additional 304,974 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Up 0.3%

ALSN stock opened at $124.91 on Wednesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17. The company’s 50 day simple moving average is $117.54 and its 200-day simple moving average is $118.39. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The firm has a market capitalization of $10.31 billion, a PE ratio of 19.86, a P/E/G ratio of 0.68 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted $2.29 EPS. The company’s quarterly revenue was up 92.4% compared to the same quarter last year. Equities analysts expect that Allison Transmission Holdings, Inc. will post 9.76 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Allison Transmission’s payout ratio is 18.44%.

Analyst Ratings Changes

Several research analysts have issued reports on ALSN shares. Citigroup cut their price objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Morgan Stanley increased their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $131.17.

About Allison Transmission

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.