Magnetar Financial LLC Sells 44,881 Shares of Allison Transmission Holdings, Inc. $ALSN

Magnetar Financial LLC lowered its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 47.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,629 shares of the auto parts company’s stock after selling 44,881 shares during the quarter. Magnetar Financial LLC’s holdings in Allison Transmission were worth $4,213,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. 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 valued at $181,741,000 after acquiring an additional 304,974 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Allison Transmission by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,907,768 shares of the auto parts company’s stock valued at $161,926,000 after purchasing an additional 32,996 shares during the last quarter. State Street Corp increased its position in shares of Allison Transmission by 1.1% during the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock valued at $156,951,000 after purchasing an additional 17,783 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Allison Transmission by 35.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after purchasing an additional 406,540 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Allison Transmission by 128.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after purchasing an additional 683,035 shares during the period. Institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. raised their target price on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Wells Fargo & Company lifted their target price 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, Oppenheimer raised their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $111.11.

Allison Transmission Stock Down 1.2%

Shares of ALSN opened at $113.24 on Thursday. The business’s 50 day moving average is $113.13 and its 200 day moving average is $96.71. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $128.85. The company has a market capitalization of $9.38 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be given a $0.29 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, March 9th. Allison Transmission’s dividend payout ratio (DPR) is presently 15.83%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction that occurred 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 completion of 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 SEC, which is available through this link. Also, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the sale, the insider directly 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 corporate insiders.

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.