Allison Transmission Holdings Inc (ALSN) Stake Boosted by Foster & Motley Inc.

Foster & Motley Inc. grew its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,941 shares of the auto parts company’s stock after acquiring an additional 7,207 shares during the quarter. Foster & Motley Inc.’s holdings in Allison Transmission were worth $2,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Interstate Bank acquired a new position in shares of Allison Transmission during the fourth quarter valued at about $26,000. Triad Investment Management acquired a new position in shares of Allison Transmission during the fourth quarter valued at about $2,754,000. RDL Financial Inc. increased its holdings in shares of Allison Transmission by 7.9% during the fourth quarter. RDL Financial Inc. now owns 15,754 shares of the auto parts company’s stock valued at $692,000 after acquiring an additional 1,156 shares in the last quarter. FDx Advisors Inc. increased its holdings in shares of Allison Transmission by 4.4% during the fourth quarter. FDx Advisors Inc. now owns 20,927 shares of the auto parts company’s stock valued at $919,000 after acquiring an additional 873 shares in the last quarter. Finally, Neuburgh Advisers LLC increased its holdings in shares of Allison Transmission by 42.0% during the fourth quarter. Neuburgh Advisers LLC now owns 277,270 shares of the auto parts company’s stock valued at $12,175,000 after acquiring an additional 81,974 shares in the last quarter.

In other news, Director William R. Harker sold 4,977,043 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $46.70, for a total transaction of $232,427,908.10. Following the transaction, the director now owns 10,318 shares in the company, valued at approximately $481,850.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO G Frederick Bohley bought 5,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were acquired at an average price of $46.00 per share, for a total transaction of $230,000.00. Following the transaction, the chief financial officer now directly owns 40,940 shares in the company, valued at $1,883,240. The disclosure for this purchase can be found here. 9.00% of the stock is owned by company insiders.



ALSN has been the topic of several research reports. ValuEngine upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Mizuho reiterated a “hold” rating and issued a $53.00 price target on shares of Allison Transmission in a report on Tuesday, February 26th. Credit Suisse Group increased their price target on shares of Allison Transmission from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, February 25th. Finally, Stifel Nicolaus downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating and cut their price target for the stock from $55.00 to $48.00 in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $48.22.

Shares of NYSE:ALSN opened at $43.44 on Monday. Allison Transmission Holdings Inc has a twelve month low of $39.41 and a twelve month high of $53.76. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.49 and a current ratio of 1.89. The company has a market capitalization of $5.47 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.94 and a beta of 1.36.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.20. The business had revenue of $675.00 million for the quarter, compared to analysts’ expectations of $658.01 million. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. On average, analysts forecast that Allison Transmission Holdings Inc will post 4.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, May 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%. Allison Transmission’s payout ratio is 12.55%.

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Allison Transmission 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 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

Further Reading: What is a Market Correction?

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

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