Allison Transmission Holdings, Inc. $ALSN Stake Raised by Solidarity Wealth LLC

Solidarity Wealth LLC increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,090 shares of the auto parts company’s stock after buying an additional 6,089 shares during the quarter. Allison Transmission comprises approximately 5.1% of Solidarity Wealth LLC’s investment portfolio, making the stock its 5th largest holding. Solidarity Wealth LLC owned 0.33% of Allison Transmission worth $23,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Verdence Capital Advisors LLC boosted its holdings in shares of Allison Transmission by 2.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock valued at $594,000 after acquiring an additional 131 shares during the last quarter. M&T Bank Corp lifted its position in Allison Transmission by 3.8% during the second quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after purchasing an additional 138 shares during the period. Westover Capital Advisors LLC boosted its holdings in Allison Transmission by 3.0% in the second quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock valued at $491,000 after purchasing an additional 150 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in 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 purchasing an additional 165 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of Allison Transmission by 4.1% during the 2nd quarter. QRG Capital Management Inc. now owns 4,734 shares of the auto parts company’s stock valued at $450,000 after buying an additional 187 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Shares of ALSN opened at $104.35 on Friday. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The firm has a market cap of $8.68 billion, a PE ratio of 12.79 and a beta of 0.98. The company’s 50 day simple moving average is $91.98 and its 200-day simple moving average is $89.24. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $121.81.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $779.97 million. During the same quarter last year, the company earned $2.27 EPS. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.24%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. This represents a 15.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ALSN shares. Wells Fargo & Company started coverage on Allison Transmission in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 target price on the stock. Citigroup boosted their price target on Allison Transmission from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Raymond James Financial upped their price objective on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 22nd. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Finally, Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $95.13.

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.