Royce & Associates LP Purchases 5,921 Shares of Allison Transmission Holdings, Inc. $ALSN

Royce & Associates LP boosted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,722 shares of the auto parts company’s stock after purchasing an additional 5,921 shares during the quarter. Royce & Associates LP owned 0.13% of Allison Transmission worth $8,889,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in shares of Allison Transmission by 341.3% in the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after buying an additional 223,253 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Allison Transmission by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after acquiring an additional 11,542 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Allison Transmission by 16.9% in the second quarter. Envestnet Asset Management Inc. now owns 252,089 shares of the auto parts company’s stock valued at $23,946,000 after acquiring an additional 36,405 shares during the period. Assetmark Inc. increased its holdings in shares of Allison Transmission by 136.5% in the second quarter. Assetmark Inc. now owns 2,119 shares of the auto parts company’s stock worth $201,000 after acquiring an additional 1,223 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Allison Transmission by 16.2% in the second quarter. Strs Ohio now owns 20,750 shares of the auto parts company’s stock worth $1,971,000 after acquiring an additional 2,900 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Trading Down 1.7%

NYSE:ALSN opened at $124.80 on Wednesday. The company has a market cap of $10.33 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 0.83 and a beta of 0.96. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $127.11. The business has a 50 day moving average price of $110.91 and a two-hundred day moving average price of $95.48. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 9th. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio (DPR) is presently 14.73%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Raymond James Financial raised their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Wells Fargo & Company upped their price target on shares of Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Finally, Citigroup increased their price objective on shares of Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Allison Transmission presently has an average rating of “Hold” and a consensus price target of $111.11.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

About Allison Transmission

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.