Danske Bank A S Buys Shares of 71,954 Allison Transmission Holdings, Inc. $ALSN

Danske Bank A S bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 71,954 shares of the auto parts company’s stock, valued at approximately $8,112,000. Danske Bank A S owned about 0.09% of Allison Transmission as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Millstone Evans Group LLC acquired a new position in Allison Transmission in the 1st quarter valued at about $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Allison Transmission during the 1st quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Allison Transmission during the 1st quarter valued at approximately $28,000. Larson Financial Group LLC lifted 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 valued at $31,000 after acquiring an additional 263 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted 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 valued at $35,000 after acquiring an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was 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 of the company’s stock, valued at $2,075,500. The trade was a 5.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Allison Transmission Stock Performance

NYSE ALSN opened at $133.41 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17. The company has a market cap of $11.02 billion, a P/E ratio of 21.21, a P/E/G ratio of 0.69 and a beta of 0.95. The stock has a 50-day moving average of $119.13 and a two-hundred day moving average of $119.24. 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, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company earned $2.29 earnings per share. The business’s quarterly revenue was up 92.4% on a year-over-year basis. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

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.