Stevens Capital Management LP lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 69.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 39,053 shares of the auto parts company’s stock after selling 88,798 shares during the period. Stevens Capital Management LP’s holdings in Allison Transmission Holdings were worth $1,466,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of ALSN. Tower Research Capital LLC TRC lifted its stake in Allison Transmission Holdings by 7,314.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock valued at $195,000 after acquiring an additional 5,120 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Allison Transmission Holdings by 12.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 607 shares during the period. Menta Capital LLC bought a new position in shares of Allison Transmission Holdings in the 2nd quarter worth approximately $206,000. BlueCrest Capital Management Ltd bought a new position in shares of Allison Transmission Holdings in the 2nd quarter worth approximately $208,000. Finally, ARP Americas LLC bought a new position in shares of Allison Transmission Holdings in the 3rd quarter worth approximately $242,000.
In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the completion of the sale, the chief financial officer now directly owns 233,387 shares of the company’s stock, valued at approximately $8,688,998.01. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Randall R. Kirk sold 7,541 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total transaction of $258,430.07. Following the sale, the senior vice president now directly owns 84,494 shares of the company’s stock, valued at $2,895,609.38. The disclosure for this sale can be found here. Corporate insiders own 7.90% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Friday, November 3rd. J P Morgan Chase & Co increased their price objective on shares of Allison Transmission Holdings from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Piper Jaffray Companies set a $26.00 price objective on shares of Allison Transmission Holdings and gave the stock a “sell” rating in a research note on Wednesday, November 1st. Deutsche Bank AG set a $37.00 price objective on shares of Allison Transmission Holdings and gave the stock a “sell” rating in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus increased their price objective on shares of Allison Transmission Holdings from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.40.
Shares of Allison Transmission Holdings, Inc. (ALSN) opened at $43.30 on Monday. The stock has a market cap of $6,138.24, a P/E ratio of 19.16, a P/E/G ratio of 1.74 and a beta of 1.24. Allison Transmission Holdings, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $45.69. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57.
Allison Transmission Holdings (NYSE:ALSN) last released its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.27. The company had revenue of $595.00 million during the quarter, compared to analyst estimates of $533.53 million. Allison Transmission Holdings had a net margin of 16.34% and a return on equity of 45.65%. The firm’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. analysts predict that Allison Transmission Holdings, Inc. will post 2.49 earnings per share for the current fiscal year.
Allison Transmission Holdings announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, November 17th. Allison Transmission Holdings’s dividend payout ratio is 26.55%.
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Allison Transmission Holdings 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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