GSA Capital Partners LLP trimmed its holdings in Allison Transmission Holdings Inc (NYSE:ALSN) by 31.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,694 shares of the auto parts company’s stock after selling 14,828 shares during the quarter. GSA Capital Partners LLP’s holdings in Allison Transmission were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Seizert Capital Partners LLC acquired a new position in Allison Transmission in the second quarter worth approximately $1,041,000. State Board of Administration of Florida Retirement System increased its holdings in Allison Transmission by 2.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 125,481 shares of the auto parts company’s stock worth $5,816,000 after buying an additional 3,407 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Allison Transmission by 3.9% in the second quarter. Meeder Asset Management Inc. now owns 41,598 shares of the auto parts company’s stock worth $1,930,000 after buying an additional 1,557 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in Allison Transmission by 2.6% in the second quarter. Hillsdale Investment Management Inc. now owns 11,860 shares of the auto parts company’s stock worth $550,000 after buying an additional 300 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Allison Transmission by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 102,998 shares of the auto parts company’s stock worth $4,774,000 after buying an additional 2,287 shares during the last quarter. 96.48% of the stock is owned by institutional investors.
In other Allison Transmission news, SVP Randall R. Kirk sold 37,776 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $42.60, for a total transaction of $1,609,257.60. Following the transaction, the senior vice president now owns 190,747 shares in the company, valued at $8,125,822.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.00% of the company’s stock.
NYSE:ALSN traded down $1.09 during mid-day trading on Friday, reaching $42.94. The stock had a trading volume of 714,897 shares, compared to its average volume of 906,806. The business’s 50 day moving average is $45.07 and its 200 day moving average is $45.90. Allison Transmission Holdings Inc has a fifty-two week low of $40.35 and a fifty-two week high of $53.76. The stock has a market cap of $5.31 billion, a P/E ratio of 8.98, a PEG ratio of 0.91 and a beta of 1.39. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.51 and a quick ratio of 1.10.
Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.20 by $0.26. Allison Transmission had a return on equity of 96.05% and a net margin of 24.06%. The company had revenue of $737.00 million for the quarter, compared to the consensus estimate of $688.08 million. During the same quarter last year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts expect that Allison Transmission Holdings Inc will post 4.85 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.60 annualized dividend and a yield of 1.40%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.55%.
A number of research firms recently commented on ALSN. Zacks Investment Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Wednesday, June 26th. Morgan Stanley began coverage on Allison Transmission in a report on Wednesday, July 17th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Allison Transmission presently has a consensus rating of “Hold” and an average price target of $48.89.
Allison Transmission Company Profile
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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