Natixis Advisors LLC Raises Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Natixis Advisors LLC boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 285,022 shares of the auto parts company’s stock after acquiring an additional 14,445 shares during the period. Natixis Advisors LLC’s holdings in Allison Transmission were worth $27,903,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Rossby Financial LCC raised its position in Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after buying an additional 153 shares during the last quarter. Larson Financial Group LLC raised its position in Allison Transmission by 536.7% in the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after buying an additional 263 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Allison Transmission in the 4th quarter worth about $51,000. Wolverine Asset Management LLC raised its position in Allison Transmission by 120.4% in the 4th quarter. Wolverine Asset Management LLC now owns 695 shares of the auto parts company’s stock worth $68,000 after buying an additional 4,100 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Allison Transmission in the 3rd quarter worth about $61,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 0.5%

Allison Transmission stock opened at $118.41 on Friday. The firm has a 50 day moving average of $121.35 and a 200 day moving average of $111.46. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.64 and a beta of 0.94. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.47. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The firm’s quarterly revenue was up 83.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.23 EPS. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 9.96 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s dividend payout ratio is currently 18.04%.

Insider Activity at Allison Transmission

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at approximately $131,625. This trade represents a 68.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their target price on Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Oppenheimer upped their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Citigroup upped their price target on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Wells Fargo & Company upped their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $120.29.

About Allison Transmission

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.