Livforsakringsbolaget Skandia Omsesidigt Purchases 4,700 Shares of Allison Transmission Holdings, Inc. $ALSN

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,400 shares of the auto parts company’s stock after purchasing an additional 4,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.06% of Allison Transmission worth $6,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of ALSN. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Allison Transmission by 5.1% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,068 shares of the auto parts company’s stock worth $710,000 after purchasing an additional 296 shares during the period. Principal Financial Group Inc. boosted its stake in Allison Transmission by 10.6% during the first quarter. Principal Financial Group Inc. now owns 2,563 shares of the auto parts company’s stock valued at $300,000 after buying an additional 246 shares during the period. Y.D. More Investments Ltd bought a new stake in Allison Transmission during the first quarter valued at $635,000. Applied Finance Capital Management LLC grew its position in Allison Transmission by 8.1% during the first quarter. Applied Finance Capital Management LLC now owns 2,436 shares of the auto parts company’s stock worth $285,000 after buying an additional 182 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in Allison Transmission during the first quarter worth about $246,000. 96.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the completion of the sale, the chief financial officer owned 1,053 shares of the company’s stock, valued at approximately $131,625. This represents a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 0.8%

Shares of NYSE:ALSN opened at $115.09 on Wednesday. The stock has a market capitalization of $9.55 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 0.63 and a beta of 0.95. The stock’s 50-day moving average price is $116.73 and its 200-day moving average price is $116.35. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.Allison Transmission’s revenue for the quarter was up 83.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.23 EPS. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.86 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.29 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.16 annualized dividend and a yield of 1.0%. Allison Transmission’s payout ratio is presently 18.04%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ALSN shares. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company raised their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley raised their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $130.50.

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.