Robeco Institutional Asset Management B.V. lifted its position in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 9.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,121,905 shares of the auto parts company’s stock after purchasing an additional 189,150 shares during the period. Robeco Institutional Asset Management B.V. owned 1.69% of Allison Transmission worth $95,316,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sigma Planning Corp boosted its stake in Allison Transmission by 39.4% during the 1st quarter. Sigma Planning Corp now owns 6,720 shares of the auto parts company’s stock valued at $302,000 after purchasing an additional 1,898 shares during the last quarter. Menta Capital LLC boosted its stake in shares of Allison Transmission by 15.9% in the 1st quarter. Menta Capital LLC now owns 27,198 shares of the auto parts company’s stock worth $1,222,000 after buying an additional 3,723 shares during the last quarter. Lipe & Dalton purchased a new position in shares of Allison Transmission in the 1st quarter worth approximately $561,000. Tocqueville Asset Management L.P. purchased a new position in shares of Allison Transmission in the 1st quarter worth approximately $250,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Allison Transmission by 100.0% in the 1st quarter. Janus Henderson Group PLC now owns 141,422 shares of the auto parts company’s stock worth $6,353,000 after buying an additional 70,722 shares during the last quarter. Institutional investors own 95.68% of the company’s stock.
Shares of ALSN traded down $0.07 during mid-day trading on Wednesday, reaching $42.43. 749,600 shares of the stock traded hands, compared to its average volume of 1,027,745. The firm has a market capitalization of $5.34 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 0.91 and a beta of 1.36. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.89 and a quick ratio of 1.49. 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 released its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.20. The firm had revenue of $675.00 million during the quarter, compared to analyst estimates of $658.01 million. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. On average, analysts expect that Allison Transmission Holdings Inc will post 4.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, May 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.41%. Allison Transmission’s dividend payout ratio (DPR) is currently 12.55%.
In related news, CFO G Frederick Bohley bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average cost of $46.00 per share, for a total transaction of $230,000.00. Following the completion of the transaction, the chief financial officer now owns 40,940 shares of the company’s stock, valued at $1,883,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Harker sold 75,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $47.08, for a total transaction of $3,531,000.00. The disclosure for this sale can be found here. 9.00% of the stock is currently owned by insiders.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Monday, May 13th. Stifel Nicolaus cut shares of Allison Transmission from a “buy” rating to a “hold” rating and lowered their price target for the stock from $55.00 to $48.00 in a report on Wednesday, March 6th. ValuEngine cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Credit Suisse Group lifted their price target on shares of Allison Transmission from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Finally, Mizuho reaffirmed a “hold” rating and issued a $53.00 price target on shares of Allison Transmission in a report on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.22.
About Allison Transmission
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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