31,650 Shares in Allison Transmission Holdings, Inc. $ALSN Bought by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd purchased a new stake 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 institutional investor purchased 31,650 shares of the auto parts company’s stock, valued at approximately $3,568,000.

Other large investors have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its stake in Allison Transmission by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after purchasing an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Allison Transmission by 16.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 105 shares during the last quarter. Villanova Investment Management Co LLC boosted its stake in Allison Transmission by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock valued at $2,554,000 after acquiring an additional 106 shares during the period. Xponance LLC boosted its stake in Allison Transmission by 2.0% in the fourth quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock valued at $542,000 after acquiring an additional 107 shares during the period. Finally, Evoke Wealth LLC grew its holdings in shares of Allison Transmission by 5.5% during the fourth quarter. Evoke Wealth LLC now owns 2,541 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 133 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $129.07 on Friday. The stock has a market cap of $10.66 billion, a P/E ratio of 20.52, a P/E/G ratio of 0.69 and a beta of 0.95. The firm’s 50-day simple moving average is $119.98 and its 200 day simple moving average is $119.77. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07.

Allison Transmission (NYSE:ALSN) last released its quarterly 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 company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. Allison Transmission’s revenue was up 92.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 EPS. Equities analysts expect that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be paid a dividend of $0.29 per share. 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 presently 18.44%.

Analysts Set New Price Targets

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