GSA Capital Partners LLP Invests $760,000 in Allison Transmission Holdings, Inc. $ALSN

GSA Capital Partners LLP bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,742 shares of the auto parts company’s stock, valued at approximately $760,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its position in Allison Transmission by 7.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 146,537 shares of the auto parts company’s stock valued at $16,521,000 after buying an additional 10,725 shares during the period. Wasatch Advisors LP increased its position in shares of Allison Transmission by 105.7% in the second quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company’s stock valued at $170,293,000 after acquiring an additional 776,169 shares during the period. Dudley & Shanley Inc. raised its stake in shares of Allison Transmission by 0.3% during the second quarter. Dudley & Shanley Inc. now owns 165,037 shares of the auto parts company’s stock valued at $18,606,000 after acquiring an additional 440 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Allison Transmission during the second quarter valued at about $11,329,000. Finally, BankChampaign National Association purchased a new stake in shares of Allison Transmission during the first quarter worth about $812,000. 96.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Allison Transmission

In other 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 transaction, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 0.5%

NYSE:ALSN opened at $124.87 on Thursday. The firm’s 50-day moving average price is $118.53 and its 200-day moving average price is $119.00. The company has a market capitalization of $10.31 billion, a PE ratio of 19.85, a P/E/G ratio of 0.67 and a beta of 0.95. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company posted $2.29 EPS. Allison Transmission’s revenue was up 92.4% on a year-over-year basis. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be paid 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 dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is currently 18.44%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ALSN shares. Citigroup reduced their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Morgan Stanley increased their price objective on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Wells Fargo & Company lifted their price objective on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.17.

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.