Van ECK Associates Corp Purchases 3,473 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Van ECK Associates Corp increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,476 shares of the auto parts company’s stock after purchasing an additional 3,473 shares during the quarter. Van ECK Associates Corp’s holdings in Allison Transmission were worth $1,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ALSN. Commonwealth Equity Services LLC increased its stake in shares of Allison Transmission by 97.3% in the third quarter. Commonwealth Equity Services LLC now owns 18,184 shares of the auto parts company’s stock valued at $1,074,000 after buying an additional 8,969 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Allison Transmission by 20.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,615 shares of the auto parts company’s stock valued at $627,000 after buying an additional 1,781 shares during the period. Raymond James & Associates increased its stake in shares of Allison Transmission by 43.7% in the third quarter. Raymond James & Associates now owns 146,716 shares of the auto parts company’s stock valued at $8,665,000 after buying an additional 44,588 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Allison Transmission by 12.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,262 shares of the auto parts company’s stock valued at $1,138,000 after buying an additional 2,157 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of Allison Transmission by 43.1% in the third quarter. Mackenzie Financial Corp now owns 127,146 shares of the auto parts company’s stock valued at $7,372,000 after buying an additional 38,273 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Oppenheimer increased their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Robert W. Baird increased their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group increased their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and an average price target of $71.71.

Allison Transmission Price Performance

ALSN opened at $76.82 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 1.40 and a beta of 1.04. The firm’s fifty day moving average price is $78.11 and its two-hundred day moving average price is $65.33. Allison Transmission Holdings, Inc. has a 1 year low of $47.22 and a 1 year high of $83.42.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 EPS. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, May 17th. Allison Transmission’s dividend payout ratio is currently 13.35%.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the transaction, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Niekerk Teresa Van sold 6,241 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $74.87, for a total transaction of $467,263.67. Following the completion of the transaction, the vice president now owns 21,112 shares in the company, valued at $1,580,655.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,843 shares of company stock worth $6,244,562. Company insiders own 0.93% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.