Seizert Capital Partners LLC bought a new stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,459 shares of the auto parts company’s stock, valued at approximately $1,041,000.
A number of other large investors have also recently bought and sold shares of the stock. Empowered Funds LLC lifted its position in Allison Transmission by 0.5% during the first quarter. Empowered Funds LLC now owns 52,820 shares of the auto parts company’s stock valued at $2,373,000 after acquiring an additional 274 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in Allison Transmission by 2.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 11,860 shares of the auto parts company’s stock valued at $550,000 after purchasing an additional 300 shares in the last quarter. RDL Financial Inc. increased its stake in Allison Transmission by 2.0% during the 2nd quarter. RDL Financial Inc. now owns 17,613 shares of the auto parts company’s stock valued at $816,000 after purchasing an additional 350 shares in the last quarter. Argent Capital Management LLC increased its stake in Allison Transmission by 1.5% during the 1st quarter. Argent Capital Management LLC now owns 23,216 shares of the auto parts company’s stock valued at $1,043,000 after purchasing an additional 353 shares in the last quarter. Finally, Cerebellum GP LLC increased its stake in Allison Transmission by 6.4% during the 2nd quarter. Cerebellum GP LLC now owns 7,512 shares of the auto parts company’s stock valued at $348,000 after purchasing an additional 452 shares in the last quarter. 96.48% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of Allison Transmission in a research note on Wednesday, July 17th. They set an “equal weight” rating and a $50.00 price target on the stock. Zacks Investment Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $48.89.
In other news, SVP Randall R. Kirk sold 37,776 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $42.60, for a total value of $1,609,257.60. Following the sale, the senior vice president now owns 190,747 shares in the company, valued at $8,125,822.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.00% of the stock is owned by corporate insiders.
Shares of NYSE:ALSN traded down $1.09 during midday trading on Friday, reaching $42.94. The company’s stock had a trading volume of 714,897 shares, compared to its average volume of 906,806. The firm has a market capitalization of $5.31 billion, a PE ratio of 8.98, a P/E/G ratio of 0.91 and a beta of 1.39. Allison Transmission Holdings Inc has a twelve month low of $40.35 and a twelve month high of $53.76. The stock has a fifty day moving average of $45.07 and a 200 day moving average of $45.90. The company has a quick ratio of 1.10, a current ratio of 1.51 and a debt-to-equity ratio of 3.76.
Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.26. The firm had revenue of $737.00 million for the quarter, compared to analyst estimates of $688.08 million. Allison Transmission had a net margin of 24.06% and a return on equity of 96.05%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 earnings per share. Sell-side analysts anticipate that Allison Transmission Holdings Inc will post 4.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be paid a $0.15 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. Allison Transmission’s payout ratio is currently 12.55%.
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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