Livforsakringsbolaget Skandia Omsesidigt Purchases 4,700 Shares of Allison Transmission Holdings, Inc. $ALSN

Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.9% in the first quarter, HoldingsChannel.com reports. The firm owned 52,400 shares of the auto parts company’s stock after purchasing an additional 4,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Allison Transmission were worth $6,134,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can raised its position in Allison Transmission by 4,032.3% during the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after purchasing an additional 2,099,797 shares during the last quarter. Norges Bank bought a new stake in shares of Allison Transmission in the 4th quarter worth approximately $115,674,000. Boston Partners grew its position in shares of Allison Transmission by 117.6% in the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after buying an additional 1,101,824 shares during the last quarter. Millennium Management LLC increased its stake in shares of Allison Transmission by 191.7% during the fourth quarter. Millennium Management LLC now owns 1,257,353 shares of the auto parts company’s stock valued at $123,095,000 after buying an additional 826,352 shares during the period. Finally, UBS Group AG increased its stake in shares of Allison Transmission by 222.2% during the third quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock valued at $81,531,000 after buying an additional 662,458 shares during the period. 96.90% of the stock is owned by institutional investors.

Allison Transmission Stock Down 0.8%

Shares of NYSE:ALSN opened at $115.09 on Wednesday. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The firm has a market capitalization of $9.55 billion, a P/E ratio of 17.90, a P/E/G ratio of 0.63 and a beta of 0.95. The stock has a 50 day moving average price of $116.73 and a 200-day moving average price of $116.35. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business posted $2.23 EPS. The firm’s revenue for the quarter was up 83.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 annualized dividend and a yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is currently 18.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALSN. JPMorgan Chase & Co. raised their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley boosted their price objective on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company upped their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Moderate Buy” and an average target price of $130.50.

Insider Buying and Selling

In other news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer owned 1,053 shares in the company, valued at approximately $131,625. The trade was a 68.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Company 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.