Quantamental Technologies LLC bought a new position in shares of Allison Transmission Holdings Inc (NYSE:ALSN) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,694 shares of the auto parts company’s stock, valued at approximately $570,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. LSV Asset Management raised its holdings in shares of Allison Transmission by 10.4% during the fourth quarter. LSV Asset Management now owns 4,103,015 shares of the auto parts company’s stock valued at $180,163,000 after purchasing an additional 385,909 shares during the period. APG Asset Management N.V. increased its position in shares of Allison Transmission by 28.0% during the fourth quarter. APG Asset Management N.V. now owns 2,545,300 shares of the auto parts company’s stock worth $97,769,000 after acquiring an additional 556,400 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Allison Transmission by 288.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,932,755 shares of the auto parts company’s stock worth $84,808,000 after acquiring an additional 1,435,811 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Allison Transmission by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 1,679,359 shares of the auto parts company’s stock worth $73,740,000 after acquiring an additional 49,757 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Allison Transmission by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,424,822 shares of the auto parts company’s stock worth $62,563,000 after acquiring an additional 33,364 shares in the last quarter.
Shares of ALSN stock traded down $0.46 during trading on Wednesday, reaching $43.57. 675,518 shares of the company’s stock traded hands, compared to its average volume of 1,021,767. The stock has a market capitalization of $5.51 billion, a P/E ratio of 9.12, a PEG ratio of 0.94 and a beta of 1.36. The company has a current ratio of 1.89, a quick ratio of 1.49 and a debt-to-equity ratio of 3.37. Allison Transmission Holdings Inc has a 1 year low of $39.41 and a 1 year high of $53.76.
Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.20. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. The company had revenue of $675.00 million for the quarter, compared to analysts’ expectations of $658.01 million. During the same period in the prior year, the company posted $1.08 EPS. Allison Transmission’s revenue was up 1.8% compared to the same quarter last year. On average, equities analysts predict that Allison Transmission Holdings Inc will post 4.66 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, May 17th. Allison Transmission’s dividend payout ratio is presently 12.55%.
In related news, CFO G Frederick Bohley acquired 5,000 shares of the stock in a transaction dated Friday, April 26th. The shares were purchased at an average price of $46.00 per share, for a total transaction of $230,000.00. Following the transaction, the chief financial officer now owns 40,940 shares in the company, valued at approximately $1,883,240. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William R. Harker sold 4,977,043 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $46.70, for a total transaction of $232,427,908.10. Following the sale, the director now owns 10,318 shares in the company, valued at approximately $481,850.60. The disclosure for this sale can be found here. Corporate insiders own 9.00% of the company’s stock.
Several research firms have recently commented on ALSN. ValuEngine raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Mizuho reissued a “hold” rating and set a $53.00 target price on shares of Allison Transmission in a research report on Tuesday, February 26th. Credit Suisse Group upped their price objective on shares of Allison Transmission from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday, February 25th. Finally, Stifel Nicolaus downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $48.00 in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Allison Transmission presently has an average rating of “Hold” and an average target price of $48.22.
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Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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