The Manufacturers Life Insurance Company Buys Shares of 315,091 Allison Transmission Holdings, Inc. $ALSN

The Manufacturers Life Insurance Company bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 315,091 shares of the auto parts company’s stock, valued at approximately $35,523,000.

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

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $128.73 on Thursday. The company’s 50 day moving average price is $119.78 and its two-hundred day moving average price is $119.67. The firm has a market capitalization of $10.63 billion, a P/E ratio of 20.47, a P/E/G ratio of 0.71 and a beta of 0.95. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business earned $2.29 earnings per share. The company’s revenue for the quarter was up 92.4% compared to the same quarter last year. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company 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 $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 dividend payout ratio is presently 18.44%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 26,708 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the transaction, the chief executive officer directly owned 304,843 shares in the company, valued at approximately $40,534,973.71. This trade represents a 8.06% 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. Also, insider Eric C. Scroggins sold 1,050 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares of the company’s stock, valued at $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ALSN shares. Morgan Stanley lifted their price target on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Wells Fargo & Company upped their price objective on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. 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 note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lifted their target price on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.

Allison Transmission Profile

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.