Allison Transmission Holdings, Inc. $ALSN Shares Purchased by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 164.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,021 shares of the auto parts company’s stock after buying an additional 11,837 shares during the period. Allison Transmission comprises 1.9% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 18th largest position. Villanova Investment Management Co LLC’s holdings in Allison Transmission were worth $1,807,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Allison Transmission in the second quarter worth $28,000. SVB Wealth LLC purchased a new stake in Allison Transmission during the 1st quarter worth $33,000. WPG Advisers LLC acquired a new stake in Allison Transmission in the 1st quarter valued at $34,000. Cullen Frost Bankers Inc. raised its position in Allison Transmission by 3,108.3% in the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 373 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in shares of Allison Transmission in the second quarter worth about $38,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of ALSN stock opened at $92.68 on Monday. The firm has a fifty day moving average of $83.78 and a two-hundred day moving average of $89.24. The firm has a market cap of $7.71 billion, a P/E ratio of 11.36 and a beta of 0.99. 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.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The company had revenue of $693.00 million during the quarter, compared to analyst estimates of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.27 EPS. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 21st. Allison Transmission’s dividend payout ratio (DPR) is currently 13.24%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Citigroup dropped their price objective on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company assumed coverage on shares of Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price objective on the stock. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Raymond James Financial raised Allison Transmission from an “outperform” rating to a “strong-buy” rating and set a $110.00 target price on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $92.63.

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.