Sanctuary Advisors LLC Makes New Investment in Allison Transmission Holdings, Inc. $ALSN

Sanctuary Advisors LLC acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,897 shares of the auto parts company’s stock, valued at approximately $552,000.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Allison Transmission in the 2nd quarter valued at approximately $448,232,000. Bank of Montreal Can raised its stake in Allison Transmission by 4,032.3% during the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after purchasing an additional 2,099,797 shares during the last quarter. Norges Bank bought a new stake in shares of Allison Transmission in the fourth quarter valued at about $115,674,000. Boston Partners lifted its position in shares of Allison Transmission by 117.6% in the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after acquiring an additional 1,101,824 shares during the period. Finally, First Trust Advisors LP lifted its position in Allison Transmission by 85.2% in the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock worth $237,234,000 after purchasing an additional 932,201 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Down 2.1%

Shares of ALSN stock opened at $126.41 on Friday. The firm has a fifty day moving average of $120.12 and a 200-day moving average of $119.82. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 0.68 and a beta of 0.95. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. The company had revenue of $1.57 billion for 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 quarterly revenue was up 92.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 earnings per share. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal 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 paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s payout ratio is presently 18.44%.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Citigroup decreased their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. JPMorgan Chase & Co. lifted 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. Morgan Stanley lifted their price target 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, Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Allison Transmission has an average rating of “Moderate Buy” and an average price target of $131.17.

Insider Activity

In other news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares of the company’s stock, valued at $2,075,500. This trade represents a 5.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David S. Graziosi sold 26,708 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the sale, the chief executive officer owned 304,843 shares of the company’s stock, valued at $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

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.