Pinnbrook Capital Management LP Takes $3.93 Million Position in Allison Transmission Holdings, Inc. $ALSN

Pinnbrook Capital Management LP purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,092 shares of the auto parts company’s stock, valued at approximately $3,925,000.

Several other institutional investors have also bought and sold shares of the stock. Boston Partners lifted its holdings in Allison Transmission by 117.6% in the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after purchasing an additional 1,101,824 shares during the period. AQR Capital Management LLC lifted its holdings in Allison Transmission by 18.9% in the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after purchasing an additional 304,974 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Allison Transmission by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,907,768 shares of the auto parts company’s stock worth $161,926,000 after purchasing an additional 32,996 shares during the period. State Street Corp lifted its holdings in Allison Transmission by 1.1% in the second quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock worth $156,951,000 after purchasing an additional 17,783 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in Allison Transmission by 4.5% in the third quarter. Qube Research & Technologies Ltd now owns 1,270,098 shares of the auto parts company’s stock worth $107,806,000 after purchasing an additional 54,201 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $108.99 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. The company’s 50-day moving average price is $121.26 and its two-hundred day moving average price is $109.17. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The stock has a market cap of $9.04 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 0.59 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business earned $2.23 earnings per share. Allison Transmission’s revenue for the quarter was up 83.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be given a $0.29 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.16 annualized dividend and a yield of 1.1%. Allison Transmission’s payout ratio is 18.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer upped their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Morgan Stanley upped their price objective on shares of Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Zacks Research downgraded shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Citigroup upped their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus target price of $116.50.

Insider Activity

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer owned 1,053 shares in the company, valued at approximately $131,625. The trade was a 68.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the sale, the insider owned 17,654 shares in the company, valued at approximately $2,019,617.60. The trade was a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by 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.