Corient Private Wealth LLC Grows Stock Position in Allison Transmission Holdings, Inc. $ALSN

Corient Private Wealth LLC increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 37.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 55,561 shares of the auto parts company’s stock after purchasing an additional 15,267 shares during the period. Corient Private Wealth LLC’s holdings in Allison Transmission were worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALSN. Fuller & Thaler Asset Management Inc. raised its position in Allison Transmission by 16.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock worth $324,407,000 after buying an additional 466,366 shares during the last quarter. Boston Partners raised its holdings in Allison Transmission by 13.6% during the fourth quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock worth $226,879,000 after purchasing an additional 277,811 shares in the last quarter. Bank of Montreal Can raised its holdings in Allison Transmission by 4,032.3% during the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after purchasing an additional 2,099,797 shares in the last quarter. AQR Capital Management LLC raised its holdings in Allison Transmission by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after purchasing an additional 304,974 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Allison Transmission by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,907,768 shares of the auto parts company’s stock valued at $161,926,000 after purchasing an additional 32,996 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares in the company, valued at approximately $131,625. The trade was a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $124.35 on Friday. The firm has a 50 day moving average of $120.72 and a 200-day moving average of $114.81. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 0.65 and a beta of 0.94.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.10 by $0.47. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The company’s quarterly revenue was up 83.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.23 EPS. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, May 18th. Allison Transmission’s payout ratio is presently 18.04%.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several recent analyst reports. Citigroup boosted their target price on Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Morgan Stanley lifted their price target on Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Finally, Wells Fargo & Company raised their target price on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average price target of $127.17.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.