133,778 Shares in Allison Transmission Holdings, Inc. $ALSN Bought by J. Goldman & Co LP

J. Goldman & Co LP purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, HoldingsChannel reports. The fund purchased 133,778 shares of the auto parts company’s stock, valued at approximately $15,082,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vise Technologies Inc. purchased a new position in Allison Transmission in the second quarter worth about $1,047,000. BlackRock Inc. purchased a new stake in Allison Transmission during the second quarter valued at approximately $448,232,000. Natixis Advisors LLC lifted its stake in shares of Allison Transmission by 5.3% in the 4th quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock valued at $27,903,000 after purchasing an additional 14,445 shares during the last quarter. UBS Group AG lifted its stake in shares of Allison Transmission by 30.4% in the 4th quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock valued at $122,590,000 after purchasing an additional 291,649 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in shares of Allison Transmission by 52.2% in the 4th quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock worth $2,896,000 after purchasing an additional 10,145 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Allison Transmission news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the transaction, the insider directly owned 16,604 shares in the company, valued at $2,075,500. This represents a 5.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David S. Graziosi sold 26,708 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the transaction, the chief executive officer directly owned 304,843 shares in the company, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ALSN shares. Citigroup cut 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. JPMorgan Chase & Co. lifted their price objective 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 increased their target price 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 lifted their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.17.

Allison Transmission Price Performance

Shares of ALSN stock opened at $131.74 on Wednesday. The stock has a 50 day moving average price of $119.58 and a 200 day moving average price of $119.57. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The firm has a market capitalization of $10.88 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.70 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating 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 company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $2.29 EPS. Allison Transmission’s quarterly revenue was up 92.4% on a year-over-year basis. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Announces Dividend

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

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.