Allison Transmission Holdings, Inc. $ALSN Shares Acquired by Y Intercept Hong Kong Ltd

by · The Markets Daily

Y Intercept Hong Kong Ltd grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) by 224.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,778 shares of the auto parts company’s stock after purchasing an additional 51,737 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.09% of Allison Transmission worth $6,347,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC grew its position in Allison Transmission by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after buying an additional 304,974 shares during the period. State Street Corp grew its holdings in shares of Allison Transmission by 1.1% in the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock worth $156,951,000 after acquiring an additional 17,783 shares during the period. Federated Hermes Inc. increased its stake in Allison Transmission by 35.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after purchasing an additional 406,540 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Allison Transmission by 128.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock valued at $115,498,000 after purchasing an additional 683,035 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Allison Transmission by 3.2% during the second quarter. Allianz Asset Management GmbH now owns 1,081,292 shares of the auto parts company’s stock worth $102,712,000 after purchasing an additional 33,073 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

ALSN opened at $109.52 on Friday. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $120.28. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 13.42 and a beta of 0.98. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $97.51 and a 200 day simple moving average of $90.19.

Allison Transmission (NYSE:ALSN – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The firm had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 earnings per share. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, November 21st. Allison Transmission’s payout ratio is 13.24%.

Insider Activity

In related news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares in the company, valued at $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ALSN shares. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Wells Fargo & Company raised their target price on shares of Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday. Raymond James Financial boosted their price target on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Allison Transmission in a research note on Wednesday. Finally, Morgan Stanley raised their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and an average target price of $102.00.

View Our Latest Analysis on Allison Transmission

About Allison Transmission

(Free Report)

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.

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