Jacobs Levy Equity Management Inc. increased its position in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 14.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 521,127 shares of the auto parts company’s stock after purchasing an additional 64,010 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Allison Transmission were worth $23,409,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its position in shares of Allison Transmission by 128.3% in the 4th quarter. Advisory Services Network LLC now owns 685 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 385 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in shares of Allison Transmission in the 4th quarter worth approximately $43,000. FinTrust Capital Advisors LLC lifted its position in shares of Allison Transmission by 73.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,132 shares of the auto parts company’s stock worth $51,000 after purchasing an additional 481 shares during the period. First Mercantile Trust Co. lifted its position in shares of Allison Transmission by 43.7% in the 4th quarter. First Mercantile Trust Co. now owns 1,250 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 380 shares during the period. Finally, Bremer Trust National Association purchased a new stake in shares of Allison Transmission in the 4th quarter worth approximately $58,000. 95.65% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on ALSN shares. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Monday, May 13th. Stifel Nicolaus lowered shares of Allison Transmission from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $48.00 in a research note on Wednesday, March 6th. ValuEngine lowered shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Credit Suisse Group boosted their price objective on shares of Allison Transmission from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. Finally, Mizuho reiterated a “hold” rating and set a $53.00 price objective on shares of Allison Transmission in a research note on Tuesday, February 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.22.
Allison Transmission stock traded down $0.36 during mid-day trading on Friday, reaching $44.07. 2,658 shares of the company traded hands, compared to its average volume of 984,163. The company has a current ratio of 1.89, a quick ratio of 1.49 and a debt-to-equity ratio of 3.37. Allison Transmission Holdings Inc has a fifty-two week low of $39.41 and a fifty-two week high of $53.76. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.94 and a beta of 1.38.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.20. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. The business had revenue of $675.00 million for the quarter, compared to analyst estimates of $658.01 million. During the same quarter in the prior year, the business posted $1.08 EPS. Allison Transmission’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Allison Transmission Holdings Inc will post 4.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, May 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.36%. Allison Transmission’s payout ratio is 12.55%.
In other news, SVP Randall R. Kirk sold 37,776 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $42.60, for a total value of $1,609,257.60. Following the sale, the senior vice president now directly owns 190,747 shares of the company’s stock, valued at approximately $8,125,822.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO G Frederick Bohley acquired 5,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of $46.00 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 40,940 shares in the company, valued at $1,883,240. The disclosure for this purchase can be found here. Insiders have sold a total of 5,089,819 shares of company stock worth $237,568,166 in the last 90 days. 9.00% of the stock is currently owned by company insiders.
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Allison Transmission Profile
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 12 transmission product lines 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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