Royce & Associates LP Buys 5,921 Shares of Allison Transmission Holdings, Inc. $ALSN

Royce & Associates LP grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,722 shares of the auto parts company’s stock after purchasing an additional 5,921 shares during the quarter. Royce & Associates LP’s holdings in Allison Transmission were worth $8,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALSN. Rossby Financial LCC grew its stake in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares in the last quarter. Employees Retirement System of Texas bought a new stake in Allison Transmission during the second quarter worth $38,000. True Wealth Design LLC lifted its stake in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 shares during the last quarter. First Horizon Corp acquired a new stake in Allison Transmission in the third quarter valued at $40,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Allison Transmission by 4,716.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 566 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 1.7%

Shares of NYSE:ALSN opened at $124.80 on Wednesday. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $127.11. The business has a 50 day moving average of $110.91 and a 200-day moving average of $95.48. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The stock has a market cap of $10.33 billion, a PE ratio of 17.03, a P/E/G ratio of 0.83 and a beta of 0.96.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be paid a $0.29 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 9th. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s dividend payout ratio is presently 14.73%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares in the company, valued at $989,974.59. This trade represents a 15.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of research analyst reports. Raymond James Financial upped their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Oppenheimer boosted their price target on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. upped their price objective on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Wells Fargo & Company raised their price objective on Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Finally, Morgan Stanley boosted their target price on Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and an average price target of $111.11.

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.