HighTower Advisors LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) during the 1st quarter, Holdings Channel reports. The fund bought 45,963 shares of the auto parts company’s stock, valued at approximately $1,805,000.
Several other hedge funds have also recently added to or reduced their stakes in ALSN. Geode Capital Management LLC raised its position in shares of Allison Transmission by 49.0% during the fourth quarter. Geode Capital Management LLC now owns 1,989,261 shares of the auto parts company’s stock worth $72,309,000 after purchasing an additional 654,449 shares during the period. Boston Partners raised its position in shares of Allison Transmission by 0.7% during the first quarter. Boston Partners now owns 1,971,656 shares of the auto parts company’s stock worth $77,131,000 after purchasing an additional 13,881 shares during the period. Seizert Capital Partners LLC raised its position in shares of Allison Transmission by 2.4% during the first quarter. Seizert Capital Partners LLC now owns 1,621,350 shares of the auto parts company’s stock worth $63,654,000 after purchasing an additional 37,862 shares during the period. Millennium Management LLC raised its position in shares of Allison Transmission by 36.1% during the fourth quarter. Millennium Management LLC now owns 1,565,108 shares of the auto parts company’s stock worth $56,892,000 after purchasing an additional 415,170 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Allison Transmission by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,495,962 shares of the auto parts company’s stock worth $54,372,000 after purchasing an additional 17,481 shares during the period.
Allison Transmission Stock Up 1.3 %
NYSE:ALSN opened at $36.36 on Thursday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.25 and a current ratio of 1.77. The company has a market cap of $3.50 billion, a PE ratio of 7.90, a PEG ratio of 1.03 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 52-week low of $32.55 and a 52-week high of $42.00. The stock has a 50-day simple moving average of $38.23 and a 200 day simple moving average of $38.51.
Allison Transmission Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd were paid a $0.21 dividend. The ex-dividend date was Friday, August 19th. This represents a $0.84 dividend on an annualized basis and a yield of 2.31%. Allison Transmission’s dividend payout ratio is 18.26%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on ALSN shares. TheStreet raised Allison Transmission from a “c+” rating to a “b-” rating in a research report on Thursday, June 9th. Credit Suisse Group raised their price target on Allison Transmission from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Citigroup increased their price objective on Allison Transmission to $41.00 in a report on Monday, August 15th. Finally, JPMorgan Chase & Co. decreased their price objective on Allison Transmission from $41.00 to $39.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $38.80.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
- Get a free copy of the StockNews.com research report on Allison Transmission (ALSN)
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