Evolve Private Wealth LLC Invests $4.72 Million in Allison Transmission Holdings, Inc. $ALSN

Evolve Private Wealth LLC purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 41,877 shares of the auto parts company’s stock, valued at approximately $4,721,000. Evolve Private Wealth LLC owned approximately 0.05% of Allison Transmission as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Inscription Capital LLC boosted its position in shares of Allison Transmission by 0.7% during the 4th quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company’s stock valued at $1,404,000 after acquiring an additional 95 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Allison Transmission by 1.6% in the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after purchasing an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Allison Transmission by 16.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 105 shares during the last quarter. Villanova Investment Management Co LLC raised its stake in Allison Transmission by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock valued at $2,554,000 after purchasing an additional 106 shares in the last quarter. Finally, Xponance LLC raised its stake in Allison Transmission by 2.0% during the fourth quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock valued at $542,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN stock opened at $133.41 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The firm has a market capitalization of $11.02 billion, a P/E ratio of 21.21, a P/E/G ratio of 0.71 and a beta of 0.95. The stock has a 50 day moving average price of $119.13 and a 200 day moving average price of $119.24.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business’s revenue for the quarter was up 92.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.29 earnings per share. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

Insider Activity at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares in the company, valued at $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ALSN has been the topic of a number of recent research reports. Citigroup decreased their price objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Morgan Stanley boosted their target price on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. increased their price target on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.

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.