Stolper Co Buys New Position in Allison Transmission Holdings, Inc. $ALSN

Stolper Co purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 75,606 shares of the auto parts company’s stock, valued at approximately $6,417,000. Allison Transmission comprises 1.9% of Stolper Co’s holdings, making the stock its 17th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in shares of Allison Transmission by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after acquiring an additional 304,974 shares in the last quarter. State Street Corp grew its position in Allison Transmission by 1.1% during the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock worth $156,951,000 after purchasing an additional 17,783 shares during the last quarter. Federated Hermes Inc. grew its position in Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after purchasing an additional 406,540 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Allison Transmission by 128.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock valued at $115,498,000 after purchasing an additional 683,035 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Allison Transmission by 3.2% in the second quarter. Allianz Asset Management GmbH now owns 1,081,292 shares of the auto parts company’s stock worth $102,712,000 after buying an additional 33,073 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Trading Down 0.6%

Shares of Allison Transmission stock opened at $98.68 on Friday. The stock has a market cap of $8.21 billion, a PE ratio of 12.09 and a beta of 0.99. The firm has a fifty day moving average price of $86.60 and a 200 day moving average price of $88.97. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $121.81. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06.

Allison Transmission (NYSE:ALSN) last posted 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). The business had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. Allison Transmission’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently announced 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. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 21st. Allison Transmission’s dividend payout ratio (DPR) is 13.24%.

Analyst Ratings Changes

Several research firms have recently commented on ALSN. Citigroup lifted their price objective on shares of Allison Transmission from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. reduced their target price on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Raymond James Financial upgraded Allison Transmission from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $105.00 to $110.00 in a research note on Monday, December 8th. Finally, Weiss Ratings cut 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 assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and an average target price of $94.50.

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.