Paralel Advisors LLC Buys New Position in Allison Transmission Holdings, Inc. $ALSN

Paralel Advisors LLC bought a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,714 shares of the auto parts company’s stock, valued at approximately $2,223,000.

Several other institutional investors have also added to or reduced their stakes in ALSN. Millstone Evans Group LLC purchased a new position in shares of Allison Transmission during the 1st quarter worth $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Allison Transmission in the 1st quarter worth $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Allison Transmission in the 1st quarter worth $28,000. Larson Financial Group LLC increased its stake in shares of Allison Transmission by 536.7% in the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Allison Transmission by 2,112.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 338 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Up 3.6%

Shares of ALSN stock opened at $129.26 on Friday. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 0.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62. The company’s fifty day moving average price is $118.81 and its 200-day moving average price is $119.14. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 92.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.29 EPS. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s payout ratio is presently 18.44%.

Insider Activity at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares of the company’s stock, valued at $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on ALSN shares. Wells Fargo & Company lifted 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. Citigroup reduced their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Morgan Stanley raised their price objective on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.17.

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.