MRJ Capital Inc. cut its holdings in Allison Transmission Holdings Inc (NYSE:ALSN) by 4.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,700 shares of the auto parts company’s stock after selling 600 shares during the period. MRJ Capital Inc.’s holdings in Allison Transmission were worth $597,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Advisors LLC bought a new stake in shares of Allison Transmission in the third quarter valued at about $478,000. Carillon Tower Advisers Inc. boosted its holdings in shares of Allison Transmission by 69.6% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 160,175 shares of the auto parts company’s stock worth $7,536,000 after buying an additional 65,750 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Allison Transmission by 12.7% during the 3rd quarter. First Trust Advisors LP now owns 183,781 shares of the auto parts company’s stock worth $8,647,000 after buying an additional 20,662 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of Allison Transmission by 12.6% during the 3rd quarter. Keybank National Association OH now owns 4,952 shares of the auto parts company’s stock worth $233,000 after buying an additional 555 shares in the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of Allison Transmission during the third quarter worth approximately $269,000. Institutional investors own 94.23% of the company’s stock.
ALSN has been the topic of a number of research reports. Royal Bank of Canada lowered their target price on Allison Transmission to $46.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Zacks Investment Research raised Allison Transmission from a “sell” rating to a “hold” rating and set a $46.00 target price on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley set a $47.00 target price on Allison Transmission and gave the stock a “hold” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $46.14.
Shares of NYSE:ALSN traded down $0.08 during trading on Wednesday, reaching $44.63. 93,644 shares of the stock were exchanged, compared to its average volume of 986,538. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.57 and a quick ratio of 1.13. Allison Transmission Holdings Inc has a 1-year low of $40.35 and a 1-year high of $52.67. The stock has a fifty day moving average of $45.28 and a two-hundred day moving average of $45.06. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 1.39 and a beta of 1.34.
Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The business had revenue of $669.00 million during the quarter, compared to analyst estimates of $665.63 million. Allison Transmission had a return on equity of 91.48% and a net margin of 23.61%. Allison Transmission’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. Sell-side analysts forecast that Allison Transmission Holdings Inc will post 4.8 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, November 14th. Allison Transmission’s payout ratio is currently 12.55%.
Allison Transmission Company 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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