Smith Asset Management Group LP Grows Stake in Allison Transmission (ALSN)

Smith Asset Management Group LP lifted its position in Allison Transmission (NYSE:ALSN) by 24.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 648,047 shares of the auto parts company’s stock after purchasing an additional 125,347 shares during the quarter. Smith Asset Management Group LP owned 0.47% of Allison Transmission worth $25,313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. lifted its stake in shares of Allison Transmission by 0.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 5,149,530 shares of the auto parts company’s stock valued at $221,790,000 after acquiring an additional 34,690 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Allison Transmission by 2.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,065,472 shares of the auto parts company’s stock valued at $132,030,000 after acquiring an additional 68,837 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Allison Transmission by 44.5% in the 4th quarter. Jennison Associates LLC now owns 2,584,627 shares of the auto parts company’s stock valued at $111,320,000 after acquiring an additional 796,191 shares during the last quarter. LSV Asset Management lifted its stake in shares of Allison Transmission by 101.4% in the 1st quarter. LSV Asset Management now owns 1,818,044 shares of the auto parts company’s stock valued at $71,012,000 after acquiring an additional 915,544 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Allison Transmission by 8.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 1,671,194 shares of the auto parts company’s stock valued at $71,978,000 after acquiring an additional 132,129 shares during the last quarter.

Shares of Allison Transmission opened at $43.18 on Monday, MarketBeat reports. Allison Transmission has a 52-week low of $32.93 and a 52-week high of $45.69. The company has a market capitalization of $5.93 billion, a PE ratio of 16.23, a PEG ratio of 1.10 and a beta of 1.21. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.64 and a quick ratio of 1.25.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, April 30th. The auto parts company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.30. Allison Transmission had a return on equity of 71.50% and a net margin of 23.58%. The firm had revenue of $663.00 million during the quarter, compared to analyst estimates of $573.01 million. During the same quarter in the prior year, the company earned $0.52 EPS. The business’s revenue was up 32.9% compared to the same quarter last year. equities research analysts forecast that Allison Transmission will post 3.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Monday, May 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, May 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. Allison Transmission’s payout ratio is currently 22.56%.

In other Allison Transmission news, Director James A. Star sold 3,005 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $40.28, for a total transaction of $121,041.40. Following the sale, the director now directly owns 38,895 shares in the company, valued at approximately $1,566,690.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James A. Star sold 108,292 shares of the stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $42.28, for a total value of $4,578,585.76. Following the sale, the director now owns 41,900 shares in the company, valued at $1,771,532. The disclosure for this sale can be found here. Insiders sold a total of 363,660 shares of company stock worth $14,998,735 in the last 90 days. 8.40% of the stock is currently owned by company insiders.

A number of equities research analysts have recently weighed in on ALSN shares. Zacks Investment Research lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America lowered Allison Transmission from a “buy” rating to a “neutral” rating and lowered their target price for the company from $52.00 to $48.00 in a research note on Thursday, February 8th. Stifel Nicolaus set a $44.00 target price on Allison Transmission and gave the company a “hold” rating in a research note on Friday, February 9th. William Blair reaffirmed a “buy” rating on shares of Allison Transmission in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada lowered Allison Transmission from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $46.00 to $50.00 in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.09.

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 13 transmission product lines with approximately 100 product models 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.

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

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