O Shaughnessy Asset Management LLC raised its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 123.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,967 shares of the auto parts company’s stock after purchasing an additional 6,049 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Allison Transmission were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also modified their holdings of the company. First Mercantile Trust Co. boosted its position in shares of Allison Transmission by 43.7% in the 4th quarter. First Mercantile Trust Co. now owns 1,250 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 380 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Allison Transmission by 128.3% in the 4th quarter. Advisory Services Network LLC now owns 685 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 385 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Allison Transmission by 1.8% in the 4th quarter. Virginia Retirement Systems ET AL now owns 22,200 shares of the auto parts company’s stock worth $975,000 after purchasing an additional 400 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of Allison Transmission by 73.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,132 shares of the auto parts company’s stock worth $51,000 after purchasing an additional 481 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Allison Transmission by 7.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,086 shares of the auto parts company’s stock worth $355,000 after acquiring an additional 577 shares during the period. Hedge funds and other institutional investors own 95.51% of the company’s stock.
In other news, CFO G Frederick Bohley purchased 5,000 shares of the stock in a transaction on Friday, April 26th. The stock was bought at an average price of $46.00 per share, with a total value of $230,000.00. Following the transaction, the chief financial officer now owns 40,940 shares in the company, valued at approximately $1,883,240. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Harker sold 75,000 shares of Allison Transmission stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $47.08, for a total value of $3,531,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,089,819 shares of company stock valued at $237,568,166. 9.00% of the stock is currently owned by insiders.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.20. The firm had revenue of $675.00 million during the quarter, compared to analyst estimates of $658.01 million. Allison Transmission had a return on equity of 97.36% and a net margin of 24.04%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. On average, analysts expect that Allison Transmission Holdings Inc will post 4.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. Allison Transmission’s dividend payout ratio is currently 12.55%.
A number of analysts have commented on the company. ValuEngine cut Allison Transmission from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Stifel Nicolaus lowered Allison Transmission from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $48.00 in a research note on Wednesday, March 6th. Finally, Zacks Investment Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.44.
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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