JPMorgan Chase & Co. Purchases 23,025 Shares of Allison Transmission Holdings, Inc. $ALSN

JPMorgan Chase & Co. grew its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,739 shares of the auto parts company’s stock after buying an additional 23,025 shares during the quarter. JPMorgan Chase & Co. owned 0.45% of Allison Transmission worth $32,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ALSN. M&T Bank Corp boosted its stake in Allison Transmission by 3.8% during the 2nd quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after purchasing an additional 138 shares during the last quarter. Westover Capital Advisors LLC boosted its position in shares of Allison Transmission by 3.0% during the second quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock valued at $491,000 after buying an additional 150 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in Allison Transmission by 0.6% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 28,415 shares of the auto parts company’s stock worth $2,412,000 after buying an additional 156 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Allison Transmission by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after buying an additional 165 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in Allison Transmission by 2.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,434 shares of the auto parts company’s stock valued at $537,000 after acquiring an additional 176 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of research analyst reports. Oppenheimer lifted their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday. Raymond James Financial increased their price target on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Wells Fargo & Company increased their target price on Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $111.11.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

NYSE ALSN opened at $125.41 on Friday. The business’s fifty day moving average is $109.89 and its 200 day moving average is $94.89. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $126.31. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.06 and a current ratio of 4.85. The company has a market capitalization of $10.39 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be paid a dividend of $0.29 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio is presently 14.73%.

Allison Transmission Company Profile

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.