K.J. Harrison & Partners Inc Makes New Investment in Allison Transmission Holdings, Inc. $ALSN

K.J. Harrison & Partners Inc acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,537 shares of the auto parts company’s stock, valued at approximately $624,000.

Several other institutional investors and hedge funds have also modified their holdings of ALSN. Millstone Evans Group LLC purchased a new stake in shares of Allison Transmission in the first quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new position in Allison Transmission during the first quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new position in Allison Transmission during the first quarter valued at approximately $28,000. Larson Financial Group LLC boosted its position in Allison Transmission by 536.7% in the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its stake in shares of Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 338 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

Allison Transmission stock opened at $126.90 on Tuesday. The company’s fifty day moving average price is $118.16 and its 200 day moving average price is $118.80. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $137.62. The stock has a market capitalization of $10.48 billion, a P/E ratio of 20.17, a P/E/G ratio of 0.67 and a beta of 0.95. 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 (NYSE:ALSN) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.48 by $0.25. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm’s revenue was up 92.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 EPS. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. Allison Transmission’s payout ratio is currently 18.44%.

Insider Activity at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares in the company, valued at $2,075,500. This represents a 5.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALSN. Citigroup lowered their price target on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Morgan Stanley lifted their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. 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 research report on Wednesday, May 6th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. raised their target price on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.