MADDEN SECURITIES Corp Purchases New Shares in Allison Transmission Holdings, Inc. $ALSN

MADDEN SECURITIES Corp purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,245 shares of the auto parts company’s stock, valued at approximately $2,276,000.

Several other hedge funds also recently made changes to their positions in ALSN. Jane Street Group LLC boosted its position in shares of Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after purchasing an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Allison Transmission by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after purchasing an additional 11,542 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Allison Transmission by 9.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock valued at $180,000 after purchasing an additional 165 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Allison Transmission by 441.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock valued at $97,000 after purchasing an additional 830 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Allison Transmission during the second quarter valued at approximately $6,111,000. 96.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the transaction, the insider owned 17,654 shares in the company, valued at $2,019,617.60. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Allison Transmission Trading Up 0.1%

Allison Transmission stock opened at $124.34 on Monday. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. The business’s fifty day simple moving average is $122.33 and its two-hundred day simple moving average is $106.76. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 0.70 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.10 by $0.47. Allison Transmission had a return on equity of 37.93% and a net margin of 14.88%.The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company posted $2.23 earnings per share. The company’s revenue for the quarter was up 83.6% compared to the same quarter last year. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.52 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, May 18th. Allison Transmission’s payout ratio is 18.04%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ALSN shares. Citigroup lifted their price target on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Zacks Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wells Fargo & Company boosted their target price on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley boosted their target price on Allison Transmission from $109.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.38.

About Allison Transmission

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.