Sei Investments Co. Raises Stake in Allison Transmission Holdings, Inc. $ALSN

Sei Investments Co. boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 91.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 240,179 shares of the auto parts company’s stock after purchasing an additional 114,526 shares during the period. Sei Investments Co.’s holdings in Allison Transmission were worth $28,116,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Lido Advisors LLC bought a new stake in Allison Transmission in the first quarter worth about $342,000. NewEdge Wealth LLC grew its position in shares of Allison Transmission by 7.4% during the 1st quarter. NewEdge Wealth LLC now owns 601,636 shares of the auto parts company’s stock valued at $70,428,000 after acquiring an additional 41,504 shares during the period. First Trust Advisors LP increased its stake in shares of Allison Transmission by 85.2% during 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 purchasing an additional 932,201 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Allison Transmission during the 1st quarter worth approximately $28,000. Finally, Florida Financial Advisors LLC bought a new stake in shares of Allison Transmission in the 1st quarter worth approximately $322,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $121.92 on Tuesday. The firm’s 50 day moving average is $115.94 and its 200 day moving average is $117.48. The stock has a market capitalization of $10.11 billion, a P/E ratio of 18.96, a PEG ratio of 0.68 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. 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 (NYSE:ALSN) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $2.23 EPS. Allison Transmission’s revenue was up 83.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.65 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given 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 18.04%.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several research analyst reports. Citigroup dropped their price objective 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. JPMorgan Chase & Co. raised their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Wells Fargo & Company upped their price target on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley increased their price target 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Allison Transmission presently has an average rating of “Hold” and a consensus target price of $131.17.

Insider Buying and Selling at Allison Transmission

In related news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares in the company, valued at approximately $131,625. The trade was a 68.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Allison Transmission 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.