Allison Transmission Holdings, Inc. $ALSN Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 18.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 115,809 shares of the auto parts company’s stock after buying an additional 18,170 shares during the period. Kennedy Capital Management LLC owned 0.14% of Allison Transmission worth $11,001,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH purchased a new stake in shares of Allison Transmission during the second quarter worth approximately $28,000. SVB Wealth LLC acquired a new position in shares of Allison Transmission during the first quarter worth about $33,000. WPG Advisers LLC purchased a new position in Allison Transmission during the first quarter worth about $34,000. Cullen Frost Bankers Inc. raised its holdings in Allison Transmission by 3,108.3% during the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 373 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Allison Transmission in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

ALSN has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their target price on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Wells Fargo & Company started coverage on Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 target price for the company. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Finally, Citigroup cut their price target on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $92.00.

Allison Transmission Trading Down 0.1%

Shares of ALSN opened at $90.41 on Friday. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $121.81. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. The firm has a 50 day simple moving average of $83.64 and a 200-day simple moving average of $89.55. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 11.08 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The company had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. During the same period in the previous year, the business posted $2.27 EPS. The business’s quarterly revenue was down 15.9% on a year-over-year basis. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Allison Transmission’s dividend payout ratio is presently 13.24%.

About Allison Transmission

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.