DE Burlo Group Inc. purchased a new position in shares of Allison Transmission Holdings Inc (NYSE:ALSN) in the first quarter, HoldingsChannel.com reports. The firm purchased 41,000 shares of the auto parts company’s stock, valued at approximately $1,842,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of ALSN. Robeco Institutional Asset Management B.V. raised its stake in shares of Allison Transmission by 288.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,932,755 shares of the auto parts company’s stock worth $84,808,000 after purchasing an additional 1,435,811 shares in the last quarter. Norges Bank purchased a new stake in shares of Allison Transmission during the 4th quarter worth about $55,717,000. LSV Asset Management raised its stake in shares of Allison Transmission by 17.6% during the 1st quarter. LSV Asset Management now owns 4,824,415 shares of the auto parts company’s stock worth $216,712,000 after purchasing an additional 721,400 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Allison Transmission by 92.9% during the 1st quarter. Bank of Montreal Can now owns 1,307,515 shares of the auto parts company’s stock valued at $58,734,000 after acquiring an additional 629,600 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Allison Transmission by 28.0% during the 4th quarter. APG Asset Management N.V. now owns 2,545,300 shares of the auto parts company’s stock valued at $97,769,000 after acquiring an additional 556,400 shares during the last quarter. 95.68% of the stock is owned by institutional investors.
Shares of NYSE:ALSN opened at $42.64 on Monday. Allison Transmission Holdings Inc has a 1-year low of $39.41 and a 1-year high of $53.76. The company has a market cap of $5.34 billion, a PE ratio of 8.92, a PEG ratio of 0.91 and a beta of 1.36. The company has a current ratio of 1.89, a quick ratio of 1.49 and a debt-to-equity ratio of 3.37.
Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.20. Allison Transmission had a return on equity of 97.36% and a net margin of 24.04%. The company had revenue of $675.00 million for the quarter, compared to analyst estimates of $658.01 million. During the same quarter last year, the firm earned $1.08 EPS. Allison Transmission’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts expect that Allison Transmission Holdings Inc will post 4.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, May 17th. Allison Transmission’s payout ratio is presently 12.55%.
A number of research analysts have recently commented on ALSN shares. Zacks Investment Research raised Allison Transmission from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Monday, May 13th. ValuEngine raised Allison Transmission from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Mizuho reissued a “hold” rating and set a $53.00 price objective on shares of Allison Transmission in a report on Tuesday, February 26th. Finally, Stifel Nicolaus lowered Allison Transmission from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $48.00 in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.22.
In related news, Director William R. Harker sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $47.08, for a total transaction of $3,531,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO G Frederick Bohley bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average price of $46.00 per share, with a total value of $230,000.00. Following the transaction, the chief financial officer now directly owns 40,940 shares in the company, valued at $1,883,240. The disclosure for this purchase can be found here. 9.00% of the stock is currently owned by company insiders.
About Allison Transmission
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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