Kendall Capital Management Invests $1.73 Million in Allison Transmission Holdings, Inc. $ALSN

Kendall Capital Management bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,327 shares of the auto parts company’s stock, valued at approximately $1,728,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC bought a new position in Allison Transmission in the 1st quarter valued at about $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Allison Transmission during the first quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Allison Transmission during the first quarter worth approximately $28,000. Larson Financial Group LLC grew its position in shares of Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in shares of Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 338 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

ALSN has been the subject of several research reports. Citigroup dropped their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Morgan Stanley upped their price objective on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company lifted their target price on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.17.

Allison Transmission Trading Up 3.3%

Shares of ALSN stock opened at $133.41 on Friday. The stock has a market cap of $11.02 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $137.62. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The stock has a 50 day simple moving average of $119.13 and a 200 day simple moving average of $119.24.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. The firm 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 revenue was up 92.4% on a year-over-year basis. During the same quarter last year, the company earned $2.29 EPS. On average, 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 business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be given a $0.29 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Insider Buying and Selling

In related news, insider Eric C. Scroggins sold 1,050 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was 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. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

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.