Magnetar Financial LLC Decreases Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Magnetar Financial LLC reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 47.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,629 shares of the auto parts company’s stock after selling 44,881 shares during the period. Magnetar Financial LLC owned 0.06% of Allison Transmission worth $4,213,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ALSN. Rossby Financial LCC increased its stake in shares of Allison Transmission by 107.0% during the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares during the period. Employees Retirement System of Texas purchased a new stake in Allison Transmission in the second quarter worth $38,000. True Wealth Design LLC lifted its stake in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 218 shares during the period. First Horizon Corp bought a new stake in Allison Transmission in the third quarter valued at $40,000. Finally, SJS Investment Consulting Inc. increased its position in Allison Transmission by 4,716.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 566 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric C. Scroggins sold 1,313 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the transaction, the insider owned 17,654 shares in the company, valued at $2,019,617.60. This represents a 6.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Oppenheimer upped their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Citigroup raised their target price on Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. 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 research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped their price target on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $111.11.

Allison Transmission Stock Down 1.2%

Shares of Allison Transmission stock opened at $113.24 on Thursday. The company has a 50-day simple moving average of $113.13 and a two-hundred day simple moving average of $96.71. The stock has a market capitalization of $9.38 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $128.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. 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 dividend payout ratio is 15.83%.

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.