Yousif Capital Management LLC Acquires New Position in Allison Transmission Holdings, Inc. $ALSN

Yousif Capital Management LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,586 shares of the auto parts company’s stock, valued at approximately $2,558,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Allison Transmission in the 2nd quarter valued at $448,232,000. Stockbridge Partners LLC acquired a new position in shares of Allison Transmission during the 2nd quarter worth $169,108,000. First Trust Advisors LP lifted its position in shares of Allison Transmission by 85.2% during the 1st quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock worth $237,234,000 after buying an additional 932,201 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Allison Transmission by 105.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company’s stock worth $170,293,000 after buying an additional 776,169 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Allison Transmission in the second quarter valued at about $83,110,000. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 8th. JPMorgan Chase & Co. dropped their target price on shares of Allison Transmission from $145.00 to $142.00 and set a “neutral” rating for the company in a report on Thursday, October 8th. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Citigroup raised shares of Allison Transmission from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.57.

Insider Activity at Allison Transmission

In other Allison Transmission news, insider Eric Scroggins sold 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. This represents a 5.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Graziosi sold 26,708 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the transaction, the chief executive officer owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Allison Transmission Trading Up 0.3%

Allison Transmission stock opened at $107.56 on Wednesday. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The stock has a 50-day moving average price of $118.85 and a two-hundred day moving average price of $118.20.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The business’s revenue for the quarter was up 92.4% compared to the same quarter last year. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 10.25 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 1.1%.

Allison Transmission Profile

Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.

Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.