K.J. Harrison & Partners Inc Makes New Investment in Allison Transmission Holdings, Inc. $ALSN

K.J. Harrison & Partners Inc purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,537 shares of the auto parts company’s stock, valued at approximately $624,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Millstone Evans Group LLC purchased a new position in Allison Transmission during the 1st quarter worth $26,000. Cedar Mountain Advisors LLC purchased a new stake in Allison Transmission in the first quarter valued at about $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in Allison Transmission in the first quarter valued at about $28,000. Larson Financial Group LLC boosted its holdings in Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

ALSN has been the topic of a number of research analyst reports. Citigroup dropped their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Morgan Stanley boosted their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Wells Fargo & Company upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Allison Transmission currently has a consensus rating of “Moderate Buy” and an average price target of $131.17.

Insider Transactions at Allison Transmission

In other Allison Transmission news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was a 5.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Up 0.8%

Allison Transmission stock opened at $126.90 on Tuesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The business’s 50-day simple moving average is $118.16 and its two-hundred day simple moving average is $118.80. The company has a market cap of $10.48 billion, a PE ratio of 20.17, a PEG ratio of 0.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was up 92.4% compared to the same quarter last year. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is currently 18.44%.

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.