5,275 Shares in Allison Transmission Holdings, Inc. $ALSN Purchased by Ieq Capital LLC

Ieq Capital LLC acquired a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,275 shares of the auto parts company’s stock, valued at approximately $595,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALSN. BlackRock Inc. purchased a new stake in Allison Transmission in the second quarter worth $448,232,000. Fuller & Thaler Asset Management Inc. lifted its position in Allison Transmission by 16.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock valued at $324,407,000 after buying an additional 466,366 shares during the period. Boston Partners lifted its position in Allison Transmission by 13.6% during the fourth quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock valued at $226,879,000 after buying an additional 277,811 shares during the period. Bank of Montreal Can boosted its holdings in shares of Allison Transmission by 4,032.3% during the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after buying an additional 2,099,797 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Allison Transmission by 85.2% in the 1st quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock worth $237,234,000 after buying an additional 932,201 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ALSN shares. JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Citigroup lowered their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Wells Fargo & Company upped their price target on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley raised their price objective on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.17.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $126.41 on Friday. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The firm has a market cap of $10.44 billion, a P/E ratio of 20.10, a PEG ratio of 0.69 and a beta of 0.95. The company has a 50 day moving average of $120.12 and a 200 day moving average of $119.82. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.48 by $0.25. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company’s revenue was up 92.4% compared to the same quarter last year. During the same period last year, the business posted $2.29 EPS. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. Allison Transmission’s payout ratio is 18.44%.

Insider Activity

In other Allison Transmission news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the transaction, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. This represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 26,708 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the sale, the chief executive officer directly owned 304,843 shares in the company, valued at approximately $40,534,973.71. The trade was a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.