Allison Transmission Holdings, Inc. $ALSN Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 105.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,510,496 shares of the auto parts company’s stock after buying an additional 776,169 shares during the period. Wasatch Advisors LP owned about 1.82% of Allison Transmission worth $170,293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Dudley & Shanley Inc. increased its position in shares of Allison Transmission by 0.3% in the 2nd quarter. Dudley & Shanley Inc. now owns 165,037 shares of the auto parts company’s stock valued at $18,606,000 after purchasing an additional 440 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Allison Transmission during the 2nd quarter worth $11,329,000. BankChampaign National Association acquired a new position in shares of Allison Transmission during the first quarter worth $812,000. Bank of America Corp DE grew its stake in shares of Allison Transmission by 12.3% during the first quarter. Bank of America Corp DE now owns 1,100,162 shares of the auto parts company’s stock worth $128,785,000 after purchasing an additional 120,335 shares in the last quarter. Finally, Edgestream Partners L.P. increased its holdings in Allison Transmission by 18.9% in the first quarter. Edgestream Partners L.P. now owns 30,042 shares of the auto parts company’s stock valued at $3,517,000 after buying an additional 4,769 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN opened at $124.91 on Wednesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The firm has a 50-day simple moving average of $117.54 and a 200-day simple moving average of $118.39. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business earned $2.29 EPS. The firm’s revenue was up 92.4% compared to the same quarter last year. On average, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.76 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s dividend payout ratio is 18.44%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALSN shares. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Citigroup dropped their price target on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Morgan Stanley raised their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.17.

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.