6,200 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 6,200 shares of the auto parts company’s stock, valued at approximately $537,000.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of Allison Transmission by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after buying an additional 304,974 shares in the last quarter. State Street Corp lifted its stake in Allison Transmission by 1.1% in the second quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock worth $156,951,000 after acquiring an additional 17,783 shares during the period. Federated Hermes Inc. lifted its stake in Allison Transmission by 35.7% in the second quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after acquiring an additional 406,540 shares during the period. Qube Research & Technologies Ltd grew its holdings in Allison Transmission by 128.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after acquiring an additional 683,035 shares in the last quarter. Finally, Norges Bank purchased a new position in Allison Transmission during the 2nd quarter valued at about $100,347,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. This represents a 15.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on ALSN shares. Citigroup boosted their price target on shares of Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Raymond James Financial lifted their price target on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Finally, Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.11.

Allison Transmission Price Performance

Shares of ALSN opened at $124.94 on Friday. The company has a 50 day moving average of $109.36 and a two-hundred day moving average of $94.63. The company has a quick ratio of 3.06, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $125.66. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.81 and a beta of 0.97.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 9th. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s payout ratio is 13.24%.

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.