Stephens Inc. AR Acquires New Holdings in Allison Transmission Holdings, Inc. $ALSN

Stephens Inc. AR acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 32,347 shares of the auto parts company’s stock, valued at approximately $2,746,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ALSN. Norges Bank acquired a new stake in shares of Allison Transmission in the 2nd quarter valued at about $100,347,000. Qube Research & Technologies Ltd raised its position in Allison Transmission by 128.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after acquiring an additional 683,035 shares in the last quarter. Federated Hermes Inc. grew its holdings in Allison Transmission by 35.7% during the second quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after purchasing an additional 406,540 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Allison Transmission during the 2nd quarter worth approximately $31,740,000. Finally, AQR Capital Management LLC raised its position in shares of Allison Transmission by 18.9% in the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after purchasing an additional 304,974 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN opened at $110.39 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30. The business’s fifty day moving average is $94.70 and its 200 day moving average is $89.76. The stock has a market cap of $9.19 billion, a P/E ratio of 13.53 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $121.81.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. During the same period in the previous year, the business posted $2.27 EPS. Allison Transmission’s revenue was down 15.9% compared to the same quarter last year. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 21st. Allison Transmission’s dividend payout ratio is presently 13.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALSN. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Citigroup upped their price target on shares of Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company started coverage on shares of Allison Transmission in a report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $99.25.

About Allison Transmission

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.