Denali Advisors LLC Invests $477,000 in Allison Transmission Holdings, Inc. $ALSN

Denali Advisors LLC acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, HoldingsChannel reports. The firm acquired 4,229 shares of the auto parts company’s stock, valued at approximately $477,000.

Other institutional investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in Allison Transmission during the 1st quarter worth about $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Allison Transmission in the first quarter valued at about $27,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Allison Transmission during the first quarter worth about $28,000. Larson Financial Group LLC boosted its position in shares of 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 buying an additional 263 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of 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 buying an additional 338 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Allison Transmission Price Performance

NYSE:ALSN opened at $129.26 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a market cap of $10.67 billion, a P/E ratio of 20.55, a P/E/G ratio of 0.67 and a beta of 0.95. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The stock’s 50-day simple moving average is $118.81 and its 200 day simple moving average is $119.14.

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, beating the consensus estimate of $2.48 by $0.25. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The business’s quarterly revenue was up 92.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 earnings per share. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend 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 Activity at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of the firm’s stock in a transaction on 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 directly owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

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.