Livforsakringsbolaget Skandia Omsesidigt Takes $6.75 Million Position in Allison Transmission Holdings, Inc. $ALSN

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 59,900 shares of the auto parts company’s stock, valued at approximately $6,748,000.

Several other hedge funds also recently made changes to their positions in ALSN. Empowered Funds LLC acquired a new stake in Allison Transmission during the second quarter valued at approximately $13,548,000. United Capital Financial Advisors LLC acquired a new stake in shares of Allison Transmission during the 2nd quarter valued at $867,000. Public Employees Retirement System of Ohio acquired a new position in shares of Allison Transmission in the 2nd quarter worth $8,677,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Allison Transmission during the second quarter valued at $3,568,000. Finally, Redwood Investment Management LLC purchased a new stake in shares of Allison Transmission during the second quarter valued at $2,184,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,050 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 16,604 shares in the company, valued at $2,075,500. This represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Graziosi sold 26,708 shares of the company’s stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $126.41 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62. The business’s 50-day moving average price is $120.12 and its two-hundred day moving average price is $119.82. The company has a market capitalization of $10.44 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 0.69 and a beta of 0.95.

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

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. Allison Transmission’s dividend payout ratio is presently 18.44%.

Analyst Ratings Changes

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

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.