Evolve Private Wealth LLC Buys Shares of 41,877 Allison Transmission Holdings, Inc. $ALSN

Evolve Private Wealth LLC purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,877 shares of the auto parts company’s stock, valued at approximately $4,721,000.

A number of other large investors have also modified their holdings of the business. William Blair Investment Management LLC acquired a new stake in Allison Transmission in the 2nd quarter worth approximately $535,000. EP Wealth Advisors LLC acquired a new position in Allison Transmission during the 2nd quarter valued at approximately $722,000. Ieq Capital LLC acquired a new position in Allison Transmission during the 2nd quarter valued at approximately $595,000. Callan Family Office LLC acquired a new position in Allison Transmission during the 2nd quarter valued at approximately $843,000. Finally, Paralel Advisors LLC purchased a new position in shares of Allison Transmission in the second quarter worth $2,223,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company lifted their price target on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Citigroup dropped their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Finally, Morgan Stanley increased their price objective on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Allison Transmission presently has an average rating of “Moderate Buy” and a consensus target price of $131.17.

Allison Transmission Stock Performance

NYSE ALSN opened at $133.41 on Friday. The firm has a market capitalization of $11.02 billion, a P/E ratio of 21.21, a PEG ratio of 0.71 and a beta of 0.95. The stock has a 50-day simple moving average of $119.13 and a two-hundred day simple moving average of $119.24. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company’s revenue was up 92.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 earnings per share. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s dividend payout ratio is currently 18.44%.

Insider Activity at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,050 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider owned 16,604 shares of the company’s stock, valued at $2,075,500. This trade represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Allison Transmission Company 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.