Allison Transmission Holdings Inc (ALSN) Position Increased by Seven Bridges Advisors LLC
Seven Bridges Advisors LLC raised its position in Allison Transmission Holdings Inc (NASDAQ:ALSN) by 25.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,237 shares of the company’s stock after buying an additional 5,112 shares during the period. Seven Bridges Advisors LLC’s holdings in Allison Transmission Holdings were worth $712,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of the company. Bank of Montreal Can bought a new position in Allison Transmission Holdings during the second quarter worth about $7,509,000. Parametrica Management Ltd bought a new position in Allison Transmission Holdings during the second quarter worth about $330,000. Finally, First Quadrant L P CA boosted its position in Allison Transmission Holdings by 1.2% in the second quarter. First Quadrant L P CA now owns 484,700 shares of the company’s stock worth $13,683,000 after buying an additional 5,700 shares during the period.
Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) traded up 0.40% during trading on Tuesday, reaching $27.39. 763,178 shares of the company traded hands. The stock has a market capitalization of $4.59 billion and a P/E ratio of 27.95. The firm’s 50 day moving average is $27.82 and its 200-day moving average is $27.75. Allison Transmission Holdings Inc has a 12-month low of $20.56 and a 12-month high of $30.52.
Allison Transmission Holdings (NASDAQ:ALSN) last released its earnings results on Wednesday, July 27th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.28. The firm had revenue of $475 million for the quarter, compared to analysts’ expectations of $475.26 million. The company’s revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. On average, equities research analysts anticipate that Allison Transmission Holdings Inc will post $1.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Monday, August 22nd were issued 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 2.19%.
A number of equities analysts have recently issued reports on the stock. Credit Suisse Group AG reissued a “focus list” rating and set a $32.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday, September 7th. Zacks Investment Research cut shares of Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Citigroup Inc. reissued a “neutral” rating and set a $30.00 price objective (up previously from $28.00) on shares of Allison Transmission Holdings in a research report on Friday, July 29th. Stifel Nicolaus cut shares of Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research report on Monday, June 13th. They noted that the move was a valuation call. Finally, Deutsche Bank AG assumed coverage on shares of Allison Transmission Holdings in a research report on Tuesday, September 6th. They set a “hold” rating and a $30.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $31.00.
In other news, 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 in the company, valued at approximately $222,553.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $2,597,762.70. Following the completion of the sale, the senior vice president now owns 49,693 shares of the company’s stock, valued at approximately $1,384,943.91. The disclosure for this sale can be found here.
Allison Transmission Holdings Company Profile
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