Jupiter Topco LLC Makes New $36.10 Million Investment in Allison Transmission Holdings, Inc. $ALSN

Jupiter Topco LLC acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 320,397 shares of the auto parts company’s stock, valued at approximately $36,097,000. Jupiter Topco LLC owned approximately 0.39% of Allison Transmission as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC increased its stake in shares of Allison Transmission by 341.3% in the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after purchasing an additional 223,253 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after purchasing an additional 11,542 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Allison Transmission by 9.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after acquiring an additional 165 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Allison Transmission by 441.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock worth $97,000 after purchasing an additional 830 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Allison Transmission during the 2nd quarter worth approximately $6,111,000. Institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALSN. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Citigroup decreased their target price on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Morgan Stanley increased their price objective on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, Wells Fargo & Company lifted their target price on 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 equities 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 company’s stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Moderate Buy” and a consensus price target of $131.17.

Insider Buying and Selling

In other Allison Transmission news, CEO David S. Graziosi sold 26,708 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the sale, the chief executive officer directly owned 304,843 shares in the company, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission 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 transaction, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Allison Transmission Trading Down 2.1%

NYSE:ALSN opened at $126.41 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 0.69 and a beta of 0.95. The business’s 50-day moving average price is $120.12 and its two-hundred day moving average price is $119.82.

Allison Transmission (NYSE:ALSN) last posted its 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. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company’s revenue for the quarter was up 92.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.29 EPS. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors 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 annualized dividend and a yield of 0.9%. 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.