Bridgefront Capital LLC Purchases New Shares in Allison Transmission Holdings, Inc. $ALSN

Bridgefront Capital LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,684 shares of the auto parts company’s stock, valued at approximately $1,077,000.

A number of other hedge funds have also recently added to or reduced their stakes in ALSN. Rossby Financial LCC increased its position in Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 153 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Allison Transmission during the second quarter worth approximately $38,000. True Wealth Design LLC grew its stake in shares of Allison Transmission by 93.2% during the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 218 shares during the last quarter. First Horizon Corp bought a new stake in shares of Allison Transmission during the third quarter valued at approximately $40,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Allison Transmission by 4,716.7% in the third 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 in the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ALSN. Oppenheimer boosted their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Morgan Stanley lifted their target price on Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Wells Fargo & Company boosted their target price on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Raymond James Financial upped their price target on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Citigroup raised their price target on Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.11.

Allison Transmission Price Performance

Shares of ALSN stock opened at $112.84 on Friday. The firm’s 50 day moving average price is $113.71 and its two-hundred day moving average price is $97.06. 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 Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $128.85. The stock has a market cap of $9.34 billion, a PE ratio of 15.39, a PEG ratio of 0.74 and a beta of 0.96.

Allison Transmission Increases Dividend

The business also recently declared 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. The ex-dividend date is Monday, March 9th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio is 15.83%.

Insiders Place Their Bets

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the transaction, the insider owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 1,791 shares of the firm’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 transaction, the senior vice president owned 10,021 shares in the company, valued at approximately $989,974.59. This trade represents a 15.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

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.