9,291 Shares in Allison Transmission Holdings, Inc. $ALSN Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,291 shares of the auto parts company’s stock, valued at approximately $1,047,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of Allison Transmission during the first quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Allison Transmission in the first quarter worth $27,000. Cassaday & Co Wealth Management LLC bought a new position in Allison Transmission in the 1st quarter valued at about $28,000. Larson Financial Group LLC increased its stake in Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 263 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after buying an additional 338 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insiders Place Their Bets

In related news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the transaction, the insider directly owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN opened at $133.41 on Friday. The firm has a market cap of $11.02 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The business’s 50 day moving average price is $119.13 and its two-hundred day moving average price is $119.24. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company posted $2.29 earnings per share. The business’s quarterly revenue was up 92.4% on a year-over-year basis. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Allison Transmission’s payout ratio is presently 18.44%.

Analyst Ratings Changes

ALSN has been the topic of a number of research reports. Citigroup reduced their price objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Morgan Stanley increased their target price on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company upped their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.17.

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.