Empowered Funds LLC Acquires New Stake in Allison Transmission Holdings, Inc. $ALSN

Empowered Funds LLC acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 120,174 shares of the auto parts company’s stock, valued at approximately $13,548,000. Empowered Funds LLC owned about 0.15% of Allison Transmission at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ALSN. Vise Technologies Inc. purchased a new stake in Allison Transmission in the 2nd quarter worth approximately $1,047,000. BlackRock Inc. purchased a new position in shares of Allison Transmission during the 2nd quarter worth $448,232,000. UBS Group AG boosted its holdings in shares of Allison Transmission by 30.4% during the fourth quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock worth $122,590,000 after purchasing an additional 291,649 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Allison Transmission by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock worth $27,903,000 after purchasing an additional 14,445 shares during the last quarter. Finally, Systematic Financial Management LP grew its position in shares of Allison Transmission by 52.2% in the fourth quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock valued at $2,896,000 after purchasing an additional 10,145 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Trading Down 2.1%

Shares of ALSN opened at $126.41 on Friday. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The firm has a market capitalization of $10.44 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 0.69 and a beta of 0.95. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The stock’s fifty day simple moving average is $120.12 and its 200 day simple moving average is $119.82.

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

Allison Transmission Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on ALSN shares. JPMorgan Chase & Co. increased their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Citigroup lowered their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Wells Fargo & Company increased their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley boosted their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 26,708 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the sale, the chief executive officer owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This represents a 8.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric C. Scroggins sold 1,050 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares in the company, valued at $2,075,500. The trade was a 5.95% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Company 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.