Element Capital Management LLC Acquires Shares of 5,926 Allison Transmission Holdings, Inc. $ALSN

Element Capital Management LLC acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,926 shares of the auto parts company’s stock, valued at approximately $503,000. Allison Transmission comprises approximately 0.7% of Element Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Partners increased its stake in shares of Allison Transmission by 117.6% in the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after buying an additional 1,101,824 shares in the last quarter. AQR Capital Management LLC lifted its position in Allison Transmission by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after buying an additional 304,974 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Allison Transmission by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,907,768 shares of the auto parts company’s stock worth $161,926,000 after buying an additional 32,996 shares in the last quarter. State Street Corp grew its holdings in Allison Transmission by 1.1% during the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock worth $156,951,000 after acquiring an additional 17,783 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after acquiring an additional 406,540 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ALSN. Citigroup boosted their target price on shares of Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Wells Fargo & Company boosted their price objective on shares of Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Raymond James Financial upped their price objective on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $111.11.

Allison Transmission Stock Performance

Allison Transmission stock opened at $112.84 on Friday. The company has a market cap of $9.34 billion, a PE ratio of 15.39, a PEG ratio of 0.74 and a beta of 0.96. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $128.85. The company’s 50-day moving average is $113.71 and its two-hundred day moving average is $97.06.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a $0.29 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, March 9th. Allison Transmission’s dividend payout ratio (DPR) is currently 15.83%.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the firm’s 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 transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction on 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 of the company’s stock, valued at $2,019,617.60. This represents a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

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.