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

EP Wealth Advisors LLC acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,400 shares of the auto parts company’s stock, valued at approximately $722,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vise Technologies Inc. bought a new stake in Allison Transmission in the second quarter worth $1,047,000. UBS Group AG lifted its position in Allison Transmission by 30.4% during the fourth quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock valued at $122,590,000 after purchasing an additional 291,649 shares during the last quarter. Natixis Advisors LLC lifted its position in Allison Transmission by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock valued at $27,903,000 after purchasing an additional 14,445 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of Allison Transmission by 52.2% in the 4th quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock worth $2,896,000 after buying an additional 10,145 shares in the last quarter. Finally, Brandes Investment Partners LP purchased a new position in shares of Allison Transmission in the 4th quarter worth $46,647,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Down 1.4%

NYSE ALSN opened at $131.41 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The company has a fifty day moving average of $119.37 and a two-hundred day moving average of $119.45. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 0.71 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating 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 the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The business’s revenue for the quarter was up 92.4% on a year-over-year basis. On average, analysts predict that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s dividend payout ratio is presently 18.44%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction that occurred 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 owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

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.