Lazard Asset Management LLC purchased a new stake in Allison Transmission Holdings Inc (NYSE:ALSN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 35,682 shares of the auto parts company’s stock, valued at approximately $1,536,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Group One Trading L.P. acquired a new stake in shares of Allison Transmission in the 3rd quarter valued at approximately $105,000. American International Group Inc. acquired a new stake in shares of Allison Transmission in the 4th quarter valued at approximately $127,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Allison Transmission by 12.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after buying an additional 607 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Allison Transmission in the 3rd quarter valued at approximately $203,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Allison Transmission in the 4th quarter valued at approximately $220,000.
Shares of Allison Transmission stock traded down $0.37 on Monday, hitting $38.64. The stock had a trading volume of 1,034,468 shares, compared to its average volume of 1,415,335. Allison Transmission Holdings Inc has a 52 week low of $32.93 and a 52 week high of $45.69. The company has a quick ratio of 1.15, a current ratio of 1.52 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $5,464.00, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.13 and a beta of 1.21.
Allison Transmission (NYSE:ALSN) last issued its earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.89. The business had revenue of $588.00 million during the quarter, compared to the consensus estimate of $576.57 million. Allison Transmission had a return on equity of 60.52% and a net margin of 22.28%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. research analysts predict that Allison Transmission Holdings Inc will post 3.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. Allison Transmission’s payout ratio is 17.60%.
In other Allison Transmission news, insider David S. Graziosi sold 46,200 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $45.03, for a total value of $2,080,386.00. Following the sale, the insider now directly owns 240,323 shares in the company, valued at $10,821,744.69. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Michael Dick sold 19,600 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $42.47, for a total value of $832,412.00. Following the completion of the sale, the senior vice president now owns 39,131 shares in the company, valued at $1,661,893.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,399,429 shares of company stock worth $149,485,666. 7.90% of the stock is owned by insiders.
A number of equities research analysts recently weighed in on ALSN shares. Stifel Nicolaus upgraded Allison Transmission from a “hold” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $50.00 in a research report on Friday, February 16th. William Blair reissued a “buy” rating on shares of Allison Transmission in a report on Tuesday, February 13th. Zacks Investment Research raised Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, February 13th. Bank of America reissued a “buy” rating on shares of Allison Transmission in a report on Thursday, November 23rd. Finally, ValuEngine lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.82.
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Allison Transmission Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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