PEAK6 Investments L.P. Grows Position in Allison Transmission Holdings Inc (ALSN)
PEAK6 Investments L.P. increased its holdings in Allison Transmission Holdings Inc (NYSE:ALSN) by 108.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 55,183 shares of the auto parts company’s stock after purchasing an additional 28,652 shares during the quarter. PEAK6 Investments L.P.’s holdings in Allison Transmission were worth $2,377,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in ALSN. The Manufacturers Life Insurance Company lifted its stake in Allison Transmission by 12.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after acquiring an additional 607 shares during the period. American Century Companies Inc. raised its holdings in Allison Transmission by 1,430.1% in the third quarter. American Century Companies Inc. now owns 268,707 shares of the auto parts company’s stock worth $10,085,000 after purchasing an additional 251,146 shares in the last quarter. Jennison Associates LLC raised its holdings in Allison Transmission by 3.8% in the third quarter. Jennison Associates LLC now owns 1,788,436 shares of the auto parts company’s stock worth $67,120,000 after purchasing an additional 65,743 shares in the last quarter. Alps Advisors Inc. bought a new position in Allison Transmission in the third quarter worth about $510,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Allison Transmission by 97.6% in the third quarter. BNP Paribas Arbitrage SA now owns 115,702 shares of the auto parts company’s stock worth $4,342,000 after purchasing an additional 57,148 shares in the last quarter.
In other news, insider David S. Graziosi sold 46,200 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $45.03, for a total transaction of $2,080,386.00. Following the transaction, the insider now owns 240,323 shares in the company, valued at $10,821,744.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Eric C. Scroggins sold 4,330 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $44.00, for a total transaction of $190,520.00. Following the transaction, the vice president now owns 20,310 shares in the company, valued at approximately $893,640. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,399,429 shares of company stock worth $149,485,666. Corporate insiders own 7.90% of the company’s stock.
Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. The firm had revenue of $588.00 million for the quarter, compared to the consensus estimate of $576.57 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. sell-side analysts forecast that Allison Transmission Holdings Inc will post 3.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. Allison Transmission’s dividend payout ratio (DPR) is currently 25.53%.
A number of brokerages have commented on ALSN. ValuEngine downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Bank of America reiterated a “buy” rating on shares of Allison Transmission in a report on Thursday, November 23rd. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, February 13th. Stifel Nicolaus set a $44.00 target price on shares of Allison Transmission and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, William Blair reiterated a “buy” rating on shares of Allison Transmission in a report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Allison Transmission has a consensus rating of “Hold” and a consensus target price of $43.82.
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Allison Transmission Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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