AdvisorShares Investments LLC Acquires New Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN)

AdvisorShares Investments LLC bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,832 shares of the auto parts company’s stock, valued at approximately $437,000.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares during the period. Triad Wealth Partners LLC bought a new position in Allison Transmission during the 2nd quarter valued at $33,000. TFO Wealth Partners LLC increased its position in shares of 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 during the period. Fifth Third Bancorp raised its stake 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 in the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Trading Down 0.8 %

Allison Transmission stock opened at $86.19 on Thursday. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $92.82. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.54 and a beta of 0.99. The company has a 50 day moving average price of $84.88 and a 200 day moving average price of $79.51.

Allison Transmission (NYSE:ALSN) last issued its earnings results 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. The business had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. Allison Transmission’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 earnings per share. Research analysts forecast that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Allison Transmission Dividend Announcement

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

Insider Buying and Selling

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

Analysts Set New Price Targets

Several brokerages recently weighed in on ALSN. Citigroup began coverage on Allison Transmission in a research note on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price for the company. The Goldman Sachs Group raised their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Raymond James began coverage on Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 target price for the company. Robert W. Baird raised their target price on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.