Tompkins Financial Corp bought a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,486 shares of the auto parts company’s stock, valued at approximately $48,000.
Several other hedge funds and other institutional investors have also made changes to their positions in ALSN. CI Investments Inc. purchased a new stake in shares of Allison Transmission during the 3rd quarter valued at about $38,000. Perigon Wealth Management LLC purchased a new stake in shares of Allison Transmission during the 4th quarter valued at about $53,000. O Shaughnessy Asset Management LLC raised its position in shares of Allison Transmission by 28.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,186 shares of the auto parts company’s stock valued at $77,000 after buying an additional 486 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Allison Transmission during the 4th quarter valued at about $102,000. Finally, Marshall Wace LLP purchased a new stake in shares of Allison Transmission during the 1st quarter valued at about $106,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.
Shares of ALSN stock opened at $37.69 on Tuesday. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.86 and a quick ratio of 1.40. The company has a market capitalization of $4.25 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.65 and a beta of 1.23. The company’s 50-day simple moving average is $42.25 and its two-hundred day simple moving average is $39.54. Allison Transmission Holdings, Inc. has a one year low of $26.15 and a one year high of $45.92.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 5th. Shareholders of record on Monday, February 22nd will be paid a $0.19 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, February 19th. Allison Transmission’s dividend payout ratio is currently 13.99%.
In other Allison Transmission news, SVP Michael Dick sold 5,609 shares of the company’s stock in a transaction dated Monday, January 25th. The shares were sold at an average price of $45.00, for a total value of $252,405.00. Following the transaction, the senior vice president now directly owns 59,275 shares in the company, valued at approximately $2,667,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.
Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Allison Transmission from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, January 22nd. Bank of America downgraded shares of Allison Transmission from a “neutral” rating to an “underperform” rating in a report on Monday, January 11th. Raymond James upped their price target on shares of Allison Transmission from $47.00 to $51.00 and gave the company a “strong-buy” rating in a report on Monday, January 25th. Vertical Research started coverage on shares of Allison Transmission in a report on Wednesday, January 20th. They set a “hold” rating and a $44.00 price target on the stock. Finally, TheStreet downgraded shares of Allison Transmission from a “b” rating to a “c+” rating in a report on Wednesday, February 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $46.13.
About Allison Transmission
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 and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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