Allison Transmission Holdings, Inc. $ALSN Holdings Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 224.5% in the third quarter, HoldingsChannel.com reports. The fund owned 74,778 shares of the auto parts company’s stock after buying an additional 51,737 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Allison Transmission were worth $6,347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ALSN. Norges Bank acquired a new stake in Allison Transmission in the second quarter worth $100,347,000. Qube Research & Technologies Ltd increased its holdings in shares of Allison Transmission by 128.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after acquiring an additional 683,035 shares during the period. Federated Hermes Inc. lifted its position in Allison Transmission by 35.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after purchasing an additional 406,540 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Allison Transmission in the 2nd quarter worth about $31,740,000. Finally, AQR Capital Management LLC increased its stake in shares of Allison Transmission by 18.9% in the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after purchasing an additional 304,974 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Down 1.4%

NYSE ALSN opened at $109.52 on Friday. The company has a market capitalization of $9.12 billion, a P/E ratio of 13.42 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $120.28. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. The company’s 50 day simple moving average is $97.51 and its 200 day simple moving average is $90.19.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.32). The company had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. Allison Transmission’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.24%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ALSN shares. Wells Fargo & Company boosted their price target on Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday. Morgan Stanley lifted their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday. Raymond James Financial increased their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. Citigroup raised their target price on shares of Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Allison Transmission in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Allison Transmission Profile

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.