Brandes Investment Partners LP Makes New $46.65 Million Investment in Allison Transmission Holdings, Inc. $ALSN

Brandes Investment Partners LP bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 476,471 shares of the auto parts company’s stock, valued at approximately $46,647,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Caprock Group LLC raised its stake in shares of Allison Transmission by 191.5% during the fourth quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company’s stock worth $2,550,000 after buying an additional 17,114 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Allison Transmission by 109.9% during the fourth quarter. SG Americas Securities LLC now owns 17,014 shares of the auto parts company’s stock worth $1,666,000 after buying an additional 8,910 shares during the last quarter. Natixis Advisors LLC raised its stake 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 buying an additional 14,445 shares during the last quarter. UBS Group AG increased its stake in Allison Transmission by 30.4% in the fourth quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock valued at $122,590,000 after purchasing an additional 291,649 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in 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 in the last quarter. 96.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ALSN has been the subject of several recent analyst reports. Zacks Research downgraded shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Oppenheimer upped their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Citigroup upped their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Morgan Stanley upped their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $120.29.

Insider Buying and Selling at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following the transaction, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. This represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $117.77 on Wednesday. The stock has a market cap of $9.77 billion, a P/E ratio of 18.32, a P/E/G ratio of 0.62 and a beta of 0.94. The company has a fifty day moving average price of $121.33 and a two-hundred day moving average price of $112.22. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.47. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The company’s revenue was up 83.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.23 earnings per share. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.96 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio is presently 18.04%.

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.