United Capital Financial Advisers LLC grew its position in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 14.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,132 shares of the auto parts company’s stock after buying an additional 3,084 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Allison Transmission were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of ALSN. First Trust Advisors LP lifted its position in shares of Allison Transmission by 2.0% during the 4th quarter. First Trust Advisors LP now owns 76,528 shares of the auto parts company’s stock worth $3,296,000 after buying an additional 1,474 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Allison Transmission by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 471,235 shares of the auto parts company’s stock worth $20,297,000 after buying an additional 16,575 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Allison Transmission by 1.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 130,054 shares of the auto parts company’s stock worth $5,601,000 after buying an additional 2,105 shares in the last quarter. American International Group Inc. bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $127,000. Finally, Quadrature Capital Ltd bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $919,000.
A number of equities research analysts recently commented on ALSN shares. Stifel Nicolaus set a $50.00 price target on shares of Allison Transmission and gave the stock a “buy” rating in a report on Thursday, April 5th. ValuEngine raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Bank of America lifted their price target on shares of Allison Transmission from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, May 1st. Finally, Credit Suisse Group lowered their price target on shares of Allison Transmission from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, May 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.09.
Allison Transmission stock opened at $40.40 on Tuesday. Allison Transmission Holdings Inc has a 1-year low of $32.93 and a 1-year high of $45.69. The company has a market capitalization of $5.72 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 1.04 and a beta of 1.21. The company has a quick ratio of 1.25, a current ratio of 1.64 and a debt-to-equity ratio of 3.59.
Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, April 30th. The auto parts company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.30. Allison Transmission had a net margin of 23.58% and a return on equity of 71.50%. The business had revenue of $663.00 million during the quarter, compared to analyst estimates of $573.01 million. During the same period in the previous year, the business earned $0.52 EPS. Allison Transmission’s revenue was up 32.9% compared to the same quarter last year. sell-side analysts forecast that Allison Transmission Holdings Inc will post 3.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Monday, May 21st were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 1.49%. Allison Transmission’s dividend payout ratio is 22.56%.
In related news, Director James A. Star sold 108,292 shares of Allison Transmission stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $42.28, for a total value of $4,578,585.76. Following the completion of the transaction, the director now directly owns 41,900 shares in the company, valued at approximately $1,771,532. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Star sold 108,397 shares of Allison Transmission stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $41.26, for a total transaction of $4,472,460.22. Following the completion of the transaction, the director now owns 41,900 shares of the company’s stock, valued at $1,728,794. The disclosure for this sale can be found here. Insiders sold a total of 363,660 shares of company stock valued at $14,998,735 over the last quarter. 8.40% of the stock is owned by company insiders.
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 13 transmission product lines with approximately 100 product models 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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