Cinctive Capital Management LP Acquires New Stake in Allison Transmission Holdings, Inc. $ALSN

Cinctive Capital Management LP acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 79,411 shares of the auto parts company’s stock, valued at approximately $7,774,000.

Several other large investors also recently added to or reduced their stakes in ALSN. Bank of Montreal Can boosted its stake in Allison Transmission by 4,032.3% during the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after buying an additional 2,099,797 shares during the period. Norges Bank bought a new stake in Allison Transmission during the fourth quarter valued at $115,674,000. Boston Partners boosted its stake in Allison Transmission by 117.6% during the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after buying an additional 1,101,824 shares during the period. UBS Group AG boosted its stake in Allison Transmission by 222.2% during the third quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock valued at $81,531,000 after buying an additional 662,458 shares during the period. Finally, Brandes Investment Partners LP bought a new stake in Allison Transmission during the fourth quarter valued at $46,647,000. Institutional investors own 96.90% of the company’s stock.

Insider Activity at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total value of $283,750.00. Following the transaction, the chief financial officer owned 1,053 shares in the company, valued at approximately $131,625. The trade was a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of research reports. Oppenheimer raised their price target on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Zacks Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Morgan Stanley raised their price target on Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, Citigroup raised their price target on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of “Moderate Buy” and an average target price of $127.17.

Allison Transmission Stock Down 1.8%

ALSN opened at $118.89 on Thursday. The company has a market cap of $9.86 billion, a P/E ratio of 18.49, a P/E/G ratio of 0.65 and a beta of 0.94. The business’s 50-day moving average price is $121.44 and its 200-day moving average price is $113.55. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.10 by $0.47. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The company’s quarterly revenue was up 83.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.96 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a $0.29 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s payout ratio is currently 18.04%.

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.