Edgestream Partners L.P. Boosts Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Edgestream Partners L.P. boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 18.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,042 shares of the auto parts company’s stock after purchasing an additional 4,769 shares during the period. Edgestream Partners L.P.’s holdings in Allison Transmission were worth $3,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Caprock Group LLC increased its stake in shares of Allison Transmission by 191.5% in the fourth quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company’s stock worth $2,550,000 after purchasing an additional 17,114 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Allison Transmission by 5.3% during the 4th quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock valued at $27,903,000 after buying an additional 14,445 shares in the last quarter. UBS Group AG lifted its stake in shares of Allison Transmission by 30.4% during the 4th quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock valued at $122,590,000 after buying an additional 291,649 shares in the last quarter. Systematic Financial Management LP boosted its holdings in Allison Transmission by 52.2% in the 4th quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock worth $2,896,000 after buying an additional 10,145 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Allison Transmission by 109.9% in the 4th quarter. SG Americas Securities LLC now owns 17,014 shares of the auto parts company’s stock worth $1,666,000 after buying an additional 8,910 shares during the period. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALSN. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. 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 research report on Wednesday, May 6th. Citigroup cut their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Finally, Morgan Stanley boosted their price objective 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 research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $131.17.

Insider Buying and Selling at Allison Transmission

In related news, CFO Scott A. Mell sold 2,270 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. This trade represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

Allison Transmission stock opened at $114.66 on Friday. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.63 and a beta of 0.95. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23. The business has a 50-day simple moving average of $116.55 and a 200 day simple moving average of $117.77. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the firm posted $2.23 EPS. The company’s revenue was up 83.6% compared to the same quarter last year. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.65 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

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.