Allison Transmission Holdings, Inc. $ALSN Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 73.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 314,434 shares of the auto parts company’s stock after purchasing an additional 133,620 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Allison Transmission were worth $26,689,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Rossby Financial LCC lifted its stake in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after buying an additional 153 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Allison Transmission during the second quarter worth about $38,000. True Wealth Design LLC grew its stake in Allison Transmission by 93.2% during the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 shares in the last quarter. First Horizon Corp acquired a new stake in Allison Transmission in the 3rd quarter valued at about $40,000. Finally, SJS Investment Consulting Inc. lifted its stake in Allison Transmission by 4,716.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN opened at $112.22 on Friday. The firm has a 50-day simple moving average of $114.75 and a two-hundred day simple moving average of $97.69. The stock has a market cap of $9.29 billion, a PE ratio of 15.31, a P/E/G ratio of 0.75 and a beta of 0.96. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $128.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 9th. Allison Transmission’s payout ratio is currently 15.83%.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. The trade was a 15.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $114.40, for a total transaction of $150,207.20. Following the sale, the insider directly owned 17,654 shares in the company, valued at $2,019,617.60. This represents a 6.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Raymond James Financial lifted their price target on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Wells Fargo & Company raised their price target on shares of Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $112.00.

Allison Transmission 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.