Wasatch Advisors LP Buys 112,775 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Wasatch Advisors LP boosted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 885,555 shares of the auto parts company’s stock after acquiring an additional 112,775 shares during the period. Wasatch Advisors LP owned 0.99% of Allison Transmission worth $51,495,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALSN. SRS Capital Advisors Inc. increased its holdings in Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 426 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Allison Transmission by 222.5% in the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 416 shares in the last quarter. Quent Capital LLC raised its position in shares of Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares during the period. TFO Wealth Partners LLC lifted its stake in shares of Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after buying an additional 718 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in Allison Transmission by 237.4% in the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock worth $65,000 after buying an additional 781 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the transaction, the vice president now directly owns 4,624 shares in the company, valued at $344,395.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ALSN shares. Oppenheimer boosted their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. The Goldman Sachs Group raised their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. Robert W. Baird upped their price target on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.71.

Allison Transmission Price Performance

Shares of ALSN stock traded down $0.82 during trading on Tuesday, hitting $73.01. The company had a trading volume of 5,283 shares, compared to its average volume of 648,755. The stock’s 50-day moving average is $77.12 and its two-hundred day moving average is $68.89. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $83.42.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 EPS. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 7.56 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. Allison Transmission’s payout ratio is 13.35%.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.