Solidarity Wealth LLC Boosts Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Solidarity Wealth LLC raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,731 shares of the auto parts company’s stock after acquiring an additional 1,779 shares during the period. Allison Transmission comprises approximately 6.4% of Solidarity Wealth LLC’s portfolio, making the stock its 4th biggest holding. Solidarity Wealth LLC owned about 0.26% of Allison Transmission worth $24,392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of Allison Transmission by 0.9% in the second quarter. American Century Companies Inc. now owns 43,768 shares of the auto parts company’s stock worth $3,322,000 after purchasing an additional 397 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Allison Transmission by 111.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,101 shares of the auto parts company’s stock worth $463,000 after purchasing an additional 3,218 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Allison Transmission by 18.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,184 shares of the auto parts company’s stock worth $318,000 after purchasing an additional 664 shares during the last quarter. Seven Eight Capital LP grew its holdings in shares of Allison Transmission by 56.4% in the second quarter. Seven Eight Capital LP now owns 6,807 shares of the auto parts company’s stock worth $517,000 after purchasing an additional 2,456 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Allison Transmission in the second quarter worth approximately $674,000. 96.90% of the stock is currently owned by institutional investors.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. This represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock valued at $2,683,537 in the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Allison Transmission Stock Up 1.6 %

ALSN stock opened at $119.47 on Tuesday. The business’s 50-day moving average price is $114.01 and its 200-day moving average price is $99.62. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a twelve month low of $55.81 and a twelve month high of $122.53. The stock has a market cap of $10.35 billion, a P/E ratio of 14.55, a PEG ratio of 1.73 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the previous year, the firm earned $1.76 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 8.26 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio (DPR) is 12.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Robert W. Baird raised their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer raised their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Finally, Morgan Stanley lifted their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Two research analysts have 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.38.

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.