Dynamic Technology Lab Private Ltd boosted its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 647.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,119 shares of the auto parts company’s stock after buying an additional 32,155 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Allison Transmission were worth $1,667,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in Allison Transmission by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 1,679,359 shares of the auto parts company’s stock worth $73,740,000 after acquiring an additional 49,757 shares during the period. Triad Investment Management acquired a new position in Allison Transmission during the fourth quarter worth $2,754,000. FDx Advisors Inc. raised its position in Allison Transmission by 4.4% during the fourth quarter. FDx Advisors Inc. now owns 20,927 shares of the auto parts company’s stock worth $919,000 after acquiring an additional 873 shares during the period. DE Burlo Group Inc. acquired a new position in Allison Transmission during the first quarter worth $1,842,000. Finally, Strs Ohio acquired a new position in Allison Transmission during the first quarter worth $321,000. Institutional investors own 95.51% of the company’s stock.
A number of equities analysts have weighed in on ALSN shares. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Monday, May 13th. Stifel Nicolaus cut shares of Allison Transmission from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $48.00 in a research report on Wednesday, March 6th. Finally, ValuEngine lowered shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.44.
Shares of ALSN traded up $0.46 during mid-day trading on Friday, reaching $46.35. The stock had a trading volume of 1,185,000 shares, compared to its average volume of 1,006,748. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.49 and a current ratio of 1.89. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The company has a fifty day moving average of $44.05. Allison Transmission Holdings Inc has a 52-week low of $39.44 and a 52-week high of $53.76.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.20. The company had revenue of $675.00 million during the quarter, compared to analyst estimates of $658.01 million. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. Allison Transmission’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. As a group, research analysts forecast that Allison Transmission Holdings Inc will post 4.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. Allison Transmission’s dividend payout ratio is presently 12.55%.
Allison Transmission Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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