Redwood Investment Management LLC Buys New Stake in Allison Transmission Holdings, Inc. $ALSN

Redwood Investment Management LLC purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,371 shares of the auto parts company’s stock, valued at approximately $2,184,000.

Several other large investors have also added to or reduced their stakes in ALSN. Millstone Evans Group LLC bought a new stake in shares of Allison Transmission during the 1st quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Allison Transmission during the first quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in Allison Transmission in the 1st quarter worth about $28,000. Larson Financial Group LLC lifted its holdings in shares of Allison Transmission by 536.7% in the fourth 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 in the last quarter. Finally, Transamerica Financial Advisors LLC raised its position in shares of Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after buying an additional 338 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Down 2.2%

Shares of NYSE:ALSN opened at $128.73 on Thursday. 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 52 week low of $76.01 and a 52 week high of $137.62. The firm has a 50 day simple moving average of $119.78 and a 200 day simple moving average of $119.67. The company has a market cap of $10.63 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm’s revenue for the quarter was up 92.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 earnings per share. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is 18.44%.

Insider Buying and Selling

In related news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the transaction, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Graziosi sold 26,708 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the transaction, the chief executive officer directly owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This represents a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.