Man Group plc Acquires New Position in Allison Transmission Holdings, Inc. $ALSN

Man Group plc acquired a new stake in 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. The institutional investor acquired 47,774 shares of the auto parts company’s stock, valued at approximately $5,386,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gamco Investors INC. ET AL grew its position in shares of Allison Transmission by 1.6% in the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock valued at $758,000 after purchasing an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Allison Transmission by 16.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after buying an additional 105 shares during the last quarter. Villanova Investment Management Co LLC boosted its stake in Allison Transmission by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock worth $2,554,000 after buying an additional 106 shares during the last quarter. Xponance LLC grew its holdings in Allison Transmission by 2.0% in the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock valued at $542,000 after buying an additional 107 shares in the last quarter. Finally, Evoke Wealth LLC grew its holdings in Allison Transmission by 5.5% in the 4th quarter. Evoke Wealth LLC now owns 2,541 shares of the auto parts company’s stock valued at $249,000 after buying an additional 133 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David S. Graziosi sold 26,708 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the sale, the chief executive officer directly owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. The trade was a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. This represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Allison Transmission Stock Performance

NYSE ALSN opened at $126.41 on Monday. The stock has a market cap of $10.44 billion, a PE ratio of 20.10, a P/E/G ratio of 0.68 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. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The stock has a fifty day simple moving average of $120.12 and a 200-day simple moving average of $119.85.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping 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 company’s quarterly revenue was up 92.4% on a year-over-year basis. During the same period last year, the company earned $2.29 EPS. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be given 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 dividend payout ratio (DPR) is currently 18.44%.

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.