Jupiter Topco LLC Invests $36.10 Million in Allison Transmission Holdings, Inc. $ALSN

Jupiter Topco LLC acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 320,397 shares of the auto parts company’s stock, valued at approximately $36,097,000.

Other institutional investors and hedge funds have also modified their holdings of the company. J. Goldman & Co LP bought a new stake in Allison Transmission during the 2nd quarter worth approximately $15,082,000. Hsbc Holdings PLC bought a new position in Allison Transmission in the second quarter valued at approximately $7,387,000. Canada Pension Plan Investment Board bought a new position in Allison Transmission in the second quarter valued at approximately $13,596,000. Castleark Management LLC acquired a new position in shares of Allison Transmission in the second quarter valued at approximately $7,318,000. Finally, Legal & General Group Plc acquired a new position in shares of Allison Transmission in the second quarter valued at approximately $8,769,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALSN. Citigroup lowered their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings raised shares of 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 target price on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Wells Fargo & Company increased their target price on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley lifted their price target on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.

Insider Transactions at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 26,708 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $132.97, for a total value of $3,551,362.76. Following the sale, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. The trade was a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

NYSE ALSN opened at $126.41 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The company has a market capitalization of $10.44 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 0.69 and a beta of 0.95. The firm’s 50 day moving average is $120.12 and its 200-day moving average is $119.82.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.48 by $0.25. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm’s revenue was up 92.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 earnings per share. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s dividend payout ratio is currently 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.