LPL Financial LLC Purchases 1,050 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

LPL Financial LLC grew its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,815 shares of the auto parts company’s stock after buying an additional 1,050 shares during the quarter. LPL Financial LLC’s holdings in Allison Transmission were worth $1,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of ALSN. Balyasny Asset Management LLC bought a new stake in shares of Allison Transmission in the 3rd quarter worth approximately $16,514,000. Assenagon Asset Management S.A. grew its position in Allison Transmission by 96.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 846,479 shares of the auto parts company’s stock worth $35,214,000 after acquiring an additional 416,588 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in Allison Transmission in the third quarter worth $8,041,000. Eaton Vance Management boosted its position in Allison Transmission by 17.7% during the first quarter. Eaton Vance Management now owns 1,459,457 shares of the auto parts company’s stock valued at $57,298,000 after buying an additional 219,634 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Allison Transmission by 147.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 313,779 shares of the auto parts company’s stock valued at $10,593,000 after acquiring an additional 187,062 shares during the period. Institutional investors own 99.89% of the company’s stock.

Allison Transmission Trading Up 1.8 %

Shares of ALSN stock opened at $48.41 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $32.63 and a 12-month high of $50.64. The company has a current ratio of 1.98, a quick ratio of 1.49 and a debt-to-equity ratio of 2.53. The stock’s 50-day moving average price is $46.02 and its 200-day moving average price is $44.91. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98.

Allison Transmission (NYSE:ALSN – Get Rating) last announced its earnings results on Thursday, April 27th. The auto parts company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.33. The business had revenue of $741.00 million during the quarter, compared to analyst estimates of $717.42 million. Allison Transmission had a return on equity of 67.83% and a net margin of 20.19%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 6.61 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, May 12th. Allison Transmission’s payout ratio is presently 15.13%.

Insider Transactions at Allison Transmission

In other news, VP Eric C. Scroggins sold 9,121 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $47.68, for a total transaction of $434,889.28. Following the transaction, the vice president now directly owns 7,508 shares of the company’s stock, valued at $357,981.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Ryan A. Milburn sold 2,050 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $48.36, for a total value of $99,138.00. Following the transaction, the vice president now directly owns 13,827 shares of the company’s stock, valued at approximately $668,673.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Eric C. Scroggins sold 9,121 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $47.68, for a total value of $434,889.28. Following the completion of the transaction, the vice president now directly owns 7,508 shares in the company, valued at $357,981.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,125 shares of company stock valued at $1,351,210. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ALSN shares. Robert W. Baird increased their target price on Allison Transmission from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, February 16th. The Goldman Sachs Group increased their price objective on Allison Transmission from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Friday, February 17th. Morgan Stanley increased their price objective on Allison Transmission from $39.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, April 20th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Citigroup decreased their target price on Allison Transmission from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.57.

Allison Transmission Profile

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Allison Transmission Holdings, Inc engages in the design and manufacture of vehicle propulsion solutions for commercial and defense vehicles. The company also manufactures medium and heavy duty fully automatic transmissions and electrified propulsion systems. Its products are used in a variety of applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.