64,961 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by Foster & Motley Inc.

Foster & Motley Inc. bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,961 shares of the auto parts company’s stock, valued at approximately $7,324,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Allison Transmission in the 2nd quarter valued at $448,232,000. Fuller & Thaler Asset Management Inc. grew its holdings in shares of 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 increased its position in shares of Allison Transmission by 13.6% during the 4th quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock worth $226,879,000 after purchasing an additional 277,811 shares during the last quarter. Bank of Montreal Can increased its position in shares of Allison Transmission by 4,032.3% during the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after purchasing an additional 2,099,797 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Allison Transmission by 85.2% in the 1st 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 during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

ALSN opened at $125.78 on Wednesday. The stock’s 50-day moving average price is $118.32 and its 200 day moving average price is $118.91. 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 cap of $10.39 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.67 and a beta of 0.95. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.25. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.Allison Transmission’s revenue was up 92.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

Insider Buying and Selling at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Morgan Stanley boosted their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Wells Fargo & Company upped 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. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Finally, Citigroup dropped their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Moderate Buy” and an average price target of $131.17.

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.