Swiss National Bank lowered its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 220,000 shares of the auto parts company’s stock after selling 2,000 shares during the period. Swiss National Bank owned about 0.17% of Allison Transmission worth $8,908,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Keybank National Association OH boosted its holdings in Allison Transmission by 98.0% during the second quarter. Keybank National Association OH now owns 23,812 shares of the auto parts company’s stock worth $964,000 after buying an additional 11,787 shares in the last quarter. AMI Investment Management Inc. lifted its holdings in shares of Allison Transmission by 1.5% in the second quarter. AMI Investment Management Inc. now owns 121,555 shares of the auto parts company’s stock valued at $4,922,000 after purchasing an additional 1,780 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Allison Transmission by 6.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,855,808 shares of the auto parts company’s stock valued at $75,142,000 after purchasing an additional 109,453 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Allison Transmission by 60.8% in the second quarter. LSV Asset Management now owns 2,922,631 shares of the auto parts company’s stock valued at $118,337,000 after purchasing an additional 1,104,587 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in shares of Allison Transmission in the second quarter valued at about $17,515,000.
Several analysts have issued reports on the stock. Mizuho assumed coverage on shares of Allison Transmission in a report on Friday, June 29th. They issued a “buy” rating and a $50.00 price target on the stock. ValuEngine raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, August 1st. Credit Suisse Group upped their price target on shares of Allison Transmission from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. Finally, Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the company a “sell” rating in a report on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Allison Transmission presently has an average rating of “Hold” and a consensus price target of $45.75.
Allison Transmission stock opened at $50.52 on Thursday. Allison Transmission Holdings Inc has a 52-week low of $32.93 and a 52-week high of $50.64. The firm has a market capitalization of $6.48 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.30. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 4.19.
Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, July 30th. The auto parts company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.29. Allison Transmission had a net margin of 25.46% and a return on equity of 86.52%. The company had revenue of $711.00 million during the quarter, compared to analyst estimates of $655.33 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. research analysts anticipate that Allison Transmission Holdings Inc will post 4.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Monday, August 20th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, August 17th. Allison Transmission’s payout ratio is currently 22.56%.
In other news, CEO David S. Graziosi sold 5,000 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $48.52, for a total value of $242,600.00. Following the completion of the transaction, the chief executive officer now directly owns 196,921 shares in the company, valued at $9,554,606.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric C. Scroggins sold 4,940 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $49.00, for a total transaction of $242,060.00. Following the completion of the transaction, the vice president now owns 23,893 shares of the company’s stock, valued at $1,170,757. The disclosure for this sale can be found here. Insiders sold 14,880 shares of company stock valued at $718,520 in the last three months. Company insiders own 8.40% of the company’s stock.
About Allison Transmission
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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