Foundry Partners LLC Acquires 5,158 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Foundry Partners LLC grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,821 shares of the auto parts company’s stock after purchasing an additional 5,158 shares during the quarter. Foundry Partners LLC owned approximately 0.11% of Allison Transmission worth $7,576,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares during the last quarter. Triad Wealth Partners LLC bought a new position in Allison Transmission during the 2nd quarter worth approximately $33,000. TFO Wealth Partners LLC boosted its stake in Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 718 shares during the last quarter. Fifth Third Bancorp boosted its stake in Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 506 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Raymond James assumed coverage on shares of Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price target on the stock. Robert W. Baird lifted their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Citigroup assumed coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective on the stock. Finally, StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $79.57.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 0.8 %

ALSN traded down $0.69 during trading on Friday, reaching $86.72. 16,959 shares of the stock were exchanged, compared to its average volume of 619,554. The stock has a market cap of $7.59 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $92.82. The stock’s 50 day moving average price is $83.72 and its two-hundred day moving average price is $79.00. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, beating the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The firm had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. During the same period in the previous year, the company earned $1.92 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. Allison Transmission’s dividend payout ratio is currently 13.35%.

Allison Transmission Company Profile

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.