Allison Transmission Holdings, Inc. $ALSN Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 89.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,615 shares of the auto parts company’s stock after acquiring an additional 8,324 shares during the quarter. Vise Technologies Inc.’s holdings in Allison Transmission were worth $1,995,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Allison Transmission during the second quarter worth about $448,232,000. Stockbridge Partners LLC acquired a new stake in shares of Allison Transmission in the 2nd quarter worth about $169,108,000. First Trust Advisors LP lifted its position in 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 valued at $237,234,000 after acquiring an additional 932,201 shares in the last quarter. Wasatch Advisors LP lifted its position in Allison Transmission by 105.7% in the 2nd quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company’s stock valued at $170,293,000 after acquiring an additional 776,169 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Allison Transmission in the 2nd quarter valued at about $83,110,000. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Freedom Broker began coverage on Allison Transmission in a research note on Friday, October 2nd. They issued a “buy” rating and a $144.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on Allison Transmission from $145.00 to $142.00 and set a “neutral” rating for the company in a report on Thursday, October 8th. Morgan Stanley raised their target price on shares of Allison Transmission from $132.00 to $139.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company dropped their target price on shares of Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating for the company in a research report on Thursday, October 8th. Finally, Citigroup lifted their target price on shares of Allison Transmission from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Allison Transmission currently has an average rating of “Moderate Buy” and a consensus price target of $133.57.

Allison Transmission Stock Performance

Shares of ALSN opened at $116.36 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.77 and a debt-to-equity ratio of 1.92. The business’s 50 day moving average price is $116.66 and its 200-day moving average price is $118.44. Allison Transmission Holdings, Inc. has a 52 week low of $78.77 and a 52 week high of $137.62. The stock has a market cap of $9.61 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.60 and a beta of 1.06.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, November 2nd. The auto parts company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.32 by $0.58. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. Allison Transmission had a return on equity of 42.33% and a net margin of 11.12%. The business’s revenue for the quarter was up 121.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 earnings per share. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 10.28 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 21st. Allison Transmission’s dividend payout ratio is presently 16.67%.

Insider Buying and Selling

In related news, CEO David Graziosi sold 26,708 shares of the firm’s stock in a transaction that occurred 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 directly owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric Scroggins sold 1,050 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider directly owned 16,604 shares of the company’s stock, valued at $2,075,500. This represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

About Allison Transmission

Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.

Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.