Keynote Financial Services LLC Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Keynote Financial Services LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 13,005 shares of the auto parts company’s stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. NewEdge Wealth LLC lifted its stake in Allison Transmission by 9.1% during the fourth quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock worth $30,229,000 after purchasing an additional 43,243 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Allison Transmission by 43.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock valued at $2,712,000 after buying an additional 14,168 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Allison Transmission during the first quarter worth about $1,229,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Allison Transmission in the first quarter worth about $1,342,000. Finally, UBS Group AG grew its holdings in shares of Allison Transmission by 35.7% during the fourth quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock valued at $7,853,000 after purchasing an additional 35,501 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ALSN shares. Citigroup began coverage on Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price objective for the company. Robert W. Baird boosted their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Raymond James assumed coverage on shares of Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective on the stock. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, The Goldman Sachs Group upped their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus target price of $79.57.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the sale, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the sale, the senior vice president now owns 14,420 shares in the company, valued at $1,082,365.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rafael Basso sold 12,624 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN stock traded down $3.65 during midday trading on Friday, reaching $83.60. 541,140 shares of the company were exchanged, compared to its average volume of 675,650. The company’s 50 day moving average price is $77.85 and its two-hundred day moving average price is $74.85. The company has a market cap of $7.28 billion, a P/E ratio of 11.16, a PEG ratio of 1.56 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $89.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.95 and a current ratio of 2.78.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. The firm had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a $0.25 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. Allison Transmission’s payout ratio is currently 13.35%.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.