31,650 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 31,650 shares of the auto parts company’s stock, valued at approximately $3,568,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Allison Transmission during the 2nd quarter worth $448,232,000. Bank of Montreal Can raised its position in shares of Allison Transmission by 4,032.3% during the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after purchasing an additional 2,099,797 shares during the period. Stockbridge Partners LLC acquired a new stake in shares of Allison Transmission during the second quarter worth $169,108,000. Norges Bank purchased a new stake in shares of Allison Transmission during the fourth quarter valued at $115,674,000. Finally, Boston Partners lifted its holdings in shares of Allison Transmission by 117.6% during the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after purchasing an additional 1,101,824 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 0.2%

Shares of Allison Transmission stock opened at $129.07 on Friday. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $137.62. The company has a market cap of $10.66 billion, a P/E ratio of 20.52, a P/E/G ratio of 0.69 and a beta of 0.95. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The stock has a 50-day moving average price of $119.98 and a 200 day moving average price of $119.77.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. The company had revenue of $1.57 billion for 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%.The firm’s quarterly revenue was up 92.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.29 EPS. As a group, analysts expect that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Announces Dividend

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 $0.29 dividend. The ex-dividend date 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%.

Insiders Place Their Bets

In other news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Graziosi sold 26,708 shares of the stock in a transaction 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 sale, the chief executive officer owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of analyst reports. Citigroup dropped 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. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wells Fargo & Company lifted their target price on shares of 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 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.17.

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.