Allison Transmission Holdings, Inc. $ALSN Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.9% in the second quarter, HoldingsChannel reports. The firm owned 146,537 shares of the auto parts company’s stock after purchasing an additional 10,725 shares during the period. Wedge Capital Management L L P NC’s holdings in Allison Transmission were worth $16,521,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ALSN. Millstone Evans Group LLC acquired a new stake in Allison Transmission during the 1st quarter valued at approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Allison Transmission in the 1st quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Allison Transmission during the 1st quarter valued at approximately $28,000. Larson Financial Group LLC boosted its stake in shares of Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after buying an additional 263 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its position 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. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Ratings Changes

ALSN has been the subject of a number of research analyst reports. Citigroup dropped their price target on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Wells Fargo & Company increased their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Morgan Stanley boosted 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 report on Friday, July 17th. Finally, Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Allison Transmission has a consensus rating of “Hold” and an average target price of $131.17.

Allison Transmission Stock Performance

ALSN stock opened at $124.91 on Wednesday. The stock’s 50 day simple moving average is $117.54 and its 200 day simple moving average is $118.39. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The firm has a market cap of $10.31 billion, a P/E ratio of 19.86, 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 (NYSE:ALSN) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The firm’s revenue was up 92.4% on a year-over-year basis. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.76 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission’s payout ratio is 18.44%.

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.