William Blair Investment Management LLC Makes New $535,000 Investment in Allison Transmission Holdings, Inc. $ALSN

William Blair Investment Management LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,746 shares of the auto parts company’s stock, valued at approximately $535,000.

Other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC purchased a new position in Allison Transmission in the 1st quarter valued at $26,000. Cedar Mountain Advisors LLC purchased a new position in Allison Transmission during the 1st quarter worth $27,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Allison Transmission in the 1st quarter worth $28,000. Larson Financial Group LLC boosted its holdings in shares of Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 338 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Activity at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider directly owned 16,604 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ALSN has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Citigroup decreased their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Wells Fargo & Company upped their price objective on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley boosted their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Allison Transmission has an average rating of “Moderate Buy” and a consensus price target of $131.17.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $133.41 on Monday. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17. The business’s 50 day simple moving average is $119.13 and its 200-day simple moving average is $119.31. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62.

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

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid 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 of this dividend is Friday, August 21st. Allison Transmission’s payout ratio is 18.44%.

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.