Jupiter Asset Management Ltd. Cuts Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jupiter Asset Management Ltd. lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 558,108 shares of the auto parts company’s stock after selling 59,512 shares during the period. Jupiter Asset Management Ltd.’s holdings in Allison Transmission were worth $42,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc boosted its position in Allison Transmission by 1,200.0% during the second 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 acquired a new position in Allison Transmission during the second quarter worth about $33,000. TFO Wealth Partners LLC boosted its position in Allison Transmission by 8,975.0% during the fourth 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 position in Allison Transmission by 139.8% during the second 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 position in Allison Transmission by 24.0% during the second 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. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred 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 approximately $1,129,971.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of recent research reports. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. Citigroup assumed coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Raymond James assumed coverage on shares of Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price on the stock. Finally, Robert W. Baird boosted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.57.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $86.19 on Thursday. The firm’s 50 day moving average price is $84.88 and its 200-day moving average price is $79.51. 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 Holdings, Inc. has a one year low of $50.13 and a one year high of $92.82. The firm has a market cap of $7.51 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.54 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping 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 analyst estimates of $799.44 million. During the same period in the prior year, the business posted $1.92 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. 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.