Allison Transmission Holdings, Inc. $ALSN Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 18.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 115,809 shares of the auto parts company’s stock after buying an additional 18,170 shares during the period. Kennedy Capital Management LLC’s holdings in Allison Transmission were worth $11,001,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Compound Planning Inc. raised its stake in Allison Transmission by 5.3% during the first quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company’s stock worth $209,000 after purchasing an additional 109 shares during the period. Callan Family Office LLC increased its holdings in shares of Allison Transmission by 5.1% during the 1st quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company’s stock worth $249,000 after buying an additional 126 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Allison Transmission by 2.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock worth $594,000 after buying an additional 131 shares during the period. M&T Bank Corp boosted its holdings in Allison Transmission by 3.8% in the second quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after acquiring an additional 138 shares during the last quarter. Finally, Islay Capital Management LLC boosted its holdings in Allison Transmission by 1.3% in the first quarter. Islay Capital Management LLC now owns 10,953 shares of the auto parts company’s stock valued at $1,048,000 after acquiring an additional 140 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Stock Down 0.1%

ALSN stock opened at $90.41 on Friday. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The firm has a 50 day simple moving average of $83.64 and a 200-day simple moving average of $89.55. The company has a market capitalization of $7.52 billion, a P/E ratio of 11.08 and a beta of 0.99. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $121.81.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The company’s revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. Allison Transmission’s payout ratio is currently 13.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target 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 upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Wells Fargo & Company began coverage on Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price target for the company. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Finally, Citigroup decreased their target price on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Allison Transmission has an average rating of “Reduce” and a consensus price target of $92.00.

About Allison Transmission

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.