Quantbot Technologies LP Makes New $1.84 Million Investment in Allison Transmission Holdings, Inc. $ALSN

Quantbot Technologies LP acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 16,310 shares of the auto parts company’s stock, valued at approximately $1,839,000.

Other institutional investors have also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in shares of Allison Transmission during the 1st quarter worth $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Allison Transmission in the 1st quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Allison Transmission during the 1st quarter worth approximately $28,000. Larson Financial Group LLC lifted its holdings in shares of Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 263 shares during the period. Finally, Transamerica Financial Advisors LLC lifted 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 acquiring an additional 338 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Trading Down 1.4%

Shares of NYSE ALSN opened at $131.41 on Tuesday. The firm has a 50 day moving average price of $119.37 and a two-hundred day moving average price of $119.45. The stock has a market cap of $10.85 billion, a P/E ratio of 20.89, 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 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 issued 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business earned $2.29 earnings per share. Allison Transmission’s revenue was up 92.4% compared to the same quarter last year. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Dividend Announcement

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

Analysts Set New Price Targets

ALSN has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Morgan Stanley upped their target price on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wells Fargo & Company lifted their price target 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.

Insider Buying and Selling

In other Allison Transmission news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was a 5.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.