HighTower Advisors LLC Buys Shares of 45,963 Allison Transmission Holdings, Inc. (NYSE:ALSN)

HighTower Advisors LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSNGet 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 (NYSE:ALSNGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The auto parts company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.09). The company had revenue of $664.00 million during the quarter, compared to the consensus estimate of $698.73 million. Allison Transmission had a net margin of 18.14% and a return on equity of 66.88%. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 5 EPS for the current fiscal year.

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

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSNGet Rating).

Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.