Foster & Motley Inc. Boosts Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Foster & Motley Inc. boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,115 shares of the auto parts company’s stock after buying an additional 450 shares during the quarter. Foster & Motley Inc.’s holdings in Allison Transmission were worth $5,246,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 336 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in Allison Transmission during the 2nd quarter worth $33,000. TFO Wealth Partners LLC raised its position in Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 718 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after buying an additional 506 shares during the period. Finally, Quent Capital LLC lifted its holdings in shares of Allison Transmission by 24.0% in the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded down $2.74 during midday trading on Thursday, hitting $85.90. The company had a trading volume of 128,521 shares, compared to its average volume of 620,115. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.66 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $92.82. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The company has a fifty day simple moving average of $83.43 and a 200 day simple moving average of $78.93.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. During the same period in the previous year, the firm posted $1.92 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. Allison Transmission’s payout ratio is currently 13.35%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALSN. The Goldman Sachs Group lifted their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday. Raymond James started coverage on shares of Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price for the company. Robert W. Baird lifted their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, Citigroup started coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $79.57.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.