Evolve Private Wealth LLC Invests $4.57 Million in Allison Transmission Holdings, Inc. $ALSN

Evolve Private Wealth LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 46,717 shares of the auto parts company’s stock, valued at approximately $4,574,000.

Several other large investors also recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Allison Transmission by 16.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock worth $324,407,000 after acquiring an additional 466,366 shares in the last quarter. Boston Partners boosted its stake in shares of Allison Transmission by 13.6% during the 4th quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock worth $226,879,000 after acquiring an additional 277,811 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of 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 worth $210,668,000 after acquiring an additional 2,099,797 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Allison Transmission by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after purchasing an additional 304,974 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Allison Transmission by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,907,768 shares of the auto parts company’s stock valued at $161,926,000 after purchasing an additional 32,996 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 1.8%

Shares of Allison Transmission stock opened at $118.89 on Thursday. The company’s fifty day simple moving average is $121.44 and its 200-day simple moving average is $113.55. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.65 and a beta of 0.94. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. 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 posted its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.10 by $0.47. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The company’s revenue for the quarter was up 83.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.23 EPS. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.96 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 annualized dividend and a yield of 1.0%. Allison Transmission’s dividend payout ratio is 18.04%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ALSN shares. Zacks Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Oppenheimer raised their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Citigroup raised their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company raised their price objective 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. One equities 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Insider Buying and Selling

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.00, for a total value of $283,750.00. Following the completion of the transaction, the chief financial officer owned 1,053 shares of the company’s stock, valued at $131,625. This represents a 68.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

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.