Mountain Lake Investment Management LLC Has $8.47 Million Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Mountain Lake Investment Management LLC increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 927.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,823 shares of the auto parts company’s stock after buying an additional 90,110 shares during the period. Allison Transmission comprises about 6.3% of Mountain Lake Investment Management LLC’s holdings, making the stock its 7th biggest position. Mountain Lake Investment Management LLC owned about 0.12% of Allison Transmission worth $8,473,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Boston Partners grew its position in shares of Allison Transmission by 117.6% during the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after acquiring an additional 1,101,824 shares during the period. AQR Capital Management LLC increased its stake in shares of Allison Transmission by 18.9% during the 2nd 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 last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Allison Transmission by 1.8% in the 3rd 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 raised its holdings in shares of Allison Transmission by 1.1% in the 2nd 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, Federated Hermes Inc. lifted its stake in Allison Transmission by 35.7% in the second quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after purchasing an additional 406,540 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Insiders Place Their Bets

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the firm’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 completion of the transaction, the insider owned 17,654 shares in the company, valued at $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. The trade was a 15.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ALSN shares. Raymond James Financial increased their price objective on 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 target price on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. increased their price target on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company lifted their price objective on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $112.00.

Allison Transmission Stock Up 0.5%

ALSN opened at $113.39 on Tuesday. The company has a 50 day moving average of $114.02 and a 200 day moving average of $97.29. 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 cap of $9.39 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96.

Allison Transmission Increases Dividend

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

About Allison Transmission

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.