65,423 Shares in Allison Transmission Holdings, Inc. $ALSN Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, Holdings Channel.com reports. The institutional investor bought 65,423 shares of the auto parts company’s stock, valued at approximately $7,387,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vise Technologies Inc. acquired a new position in Allison Transmission during the second quarter worth $1,047,000. BlackRock Inc. acquired a new stake in shares of Allison Transmission in the second quarter worth about $448,232,000. UBS Group AG boosted its stake in shares of Allison Transmission by 30.4% during the 4th quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock worth $122,590,000 after acquiring an additional 291,649 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Allison Transmission by 5.3% during the 4th quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock worth $27,903,000 after acquiring an additional 14,445 shares in the last quarter. Finally, Systematic Financial Management LP increased its holdings in shares of Allison Transmission by 52.2% during the 4th quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock valued at $2,896,000 after acquiring an additional 10,145 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Down 2.1%

Shares of NYSE:ALSN opened at $126.41 on Friday. The company’s fifty day moving average is $120.12 and its 200-day moving average is $119.82. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a market capitalization of $10.44 billion, a PE ratio of 20.10, a P/E/G ratio of 0.69 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm’s revenue for the quarter was up 92.4% on a year-over-year basis. During the same quarter last year, the company posted $2.29 EPS. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO David S. Graziosi sold 26,708 shares of Allison Transmission stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the transaction, the chief executive officer owned 304,843 shares in the company, valued at approximately $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric C. Scroggins sold 1,050 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider directly owned 16,604 shares in the company, valued at $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Allison Transmission Company 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.