Blair William & Co. IL bought a new stake in Allison Transmission Holdings Inc (NASDAQ:ALSN) during the second quarter, Holdings Channel reports. The firm bought 7,198 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds also recently added to or reduced their stakes in ALSN. EagleClaw Capital Managment LLC raised its stake in Allison Transmission Holdings by 10.5% in the second quarter. EagleClaw Capital Managment LLC now owns 8,400 shares of the company’s stock valued at $236,000 after buying an additional 800 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Allison Transmission Holdings during the second quarter valued at about $820,000. Neuberger Berman Group LLC raised its stake in Allison Transmission Holdings by 215.3% in the second quarter. Neuberger Berman Group LLC now owns 2,192,585 shares of the company’s stock valued at $61,897,000 after buying an additional 1,497,121 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Allison Transmission Holdings by 26.1% in the second quarter. PNC Financial Services Group Inc. now owns 25,790 shares of the company’s stock valued at $727,000 after buying an additional 5,331 shares during the last quarter. Finally, RidgeWorth Capital Management LLC raised its stake in Allison Transmission Holdings by 39.1% in the second quarter. RidgeWorth Capital Management LLC now owns 1,099,150 shares of the company’s stock valued at $31,370,000 after buying an additional 308,800 shares during the last quarter.

Allison Transmission Holdings Inc (NASDAQ:ALSN) traded up 1.35% during mid-day trading on Wednesday, reaching $27.76. The company’s stock had a trading volume of 927,200 shares. The firm has a 50 day moving average price of $27.82 and a 200 day moving average price of $27.75. The company has a market cap of $4.65 billion and a price-to-earnings ratio of 28.33. Allison Transmission Holdings Inc has a 52-week low of $20.56 and a 52-week high of $30.52.

Allison Transmission Holdings (NASDAQ:ALSN) last issued its earnings results on Wednesday, July 27th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.28. The firm earned $475 million during the quarter, compared to the consensus estimate of $475.26 million. Allison Transmission Holdings’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. Equities research analysts anticipate that Allison Transmission Holdings Inc will post $1.10 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Monday, August 22nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.60 annualized dividend and a dividend yield of 2.16%.

Several analysts recently issued reports on the company. Zacks Investment Research lowered Allison Transmission Holdings from a “hold” rating to a “strong sell” rating in a report on Friday, September 9th. Credit Suisse Group AG restated a “focus list” rating and issued a $32.00 price objective on shares of Allison Transmission Holdings in a research note on Wednesday, September 7th. Deutsche Bank AG initiated coverage on Allison Transmission Holdings in a research note on Tuesday, September 6th. They issued a “hold” rating and a $30.00 price objective on the stock. Citigroup Inc. restated a “neutral” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Allison Transmission Holdings in a research note on Friday, July 29th. Finally, Stifel Nicolaus lowered Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.00.

In other news, SVP Randall R. Kirk sold 93,210 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $27.87, for a total value of $2,597,762.70. Following the completion of the sale, the senior vice president now directly owns 49,693 shares in the company, valued at approximately $1,384,943.91. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Sharon L. Dean sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $28.15, for a total value of $154,825.00. Following the completion of the sale, the vice president now owns 7,906 shares of the company’s stock, valued at $222,553.90. The disclosure for this sale can be found here.

Allison Transmission Holdings Company Profile

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