7,266 Shares in Allison Transmission Holdings, Inc. $ALSN Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,266 shares of the auto parts company’s stock, valued at approximately $819,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new position in shares of Allison Transmission in the first quarter worth about $26,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Allison Transmission during the 1st quarter valued at about $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Allison Transmission in the 1st quarter valued at about $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 valued at $31,000 after purchasing an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in shares of 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 valued at $35,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. 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 report on Monday, July 13th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Citigroup decreased their target price on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company lifted their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.

Insider Activity at Allison Transmission

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

Allison Transmission Trading Up 0.1%

Shares of Allison Transmission stock opened at $126.41 on Monday. The firm has a market capitalization of $10.44 billion, a PE ratio of 20.10, a P/E/G ratio of 0.68 and a beta of 0.95. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The firm’s 50-day moving average price is $120.12 and its 200 day moving average price is $119.85. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm posted $2.29 EPS. Allison Transmission’s revenue was up 92.4% compared to the same quarter last year. On average, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be given a dividend of $0.29 per share. 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%.

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.