Freestone Grove Partners LP Takes Position in Allison Transmission Holdings, Inc. $ALSN

Freestone Grove Partners LP bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, Holdings Channel reports. The institutional investor bought 272,676 shares of the auto parts company’s stock, valued at approximately $30,741,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Allison Transmission during the 2nd quarter valued at about $448,232,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Allison Transmission by 16.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock valued at $324,407,000 after purchasing an additional 466,366 shares during the period. Boston Partners grew its stake 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 purchasing an additional 277,811 shares during the period. Bank of Montreal Can raised its holdings in shares of Allison Transmission by 4,032.3% in 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 buying an additional 2,099,797 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of 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 worth $237,234,000 after buying an additional 932,201 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several recent analyst reports. Citigroup decreased their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Morgan Stanley increased their price objective on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. boosted their target price 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. Wells Fargo & Company upped their target price 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. Finally, Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.17.

Allison Transmission Price Performance

Shares of ALSN stock opened at $129.07 on Friday. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $137.62. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The firm’s 50 day moving average is $119.98 and its 200-day moving average is $119.77. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 0.69 and a beta of 0.95.

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

Allison Transmission Dividend Announcement

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

Insider Buying and Selling at Allison Transmission

In other news, CEO David S. Graziosi sold 26,708 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 16,604 shares in the company, valued at $2,075,500. This trade represents a 5.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Company 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.