Allison Transmission Holdings, Inc. $ALSN Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 249.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,633 shares of the auto parts company’s stock after purchasing an additional 21,877 shares during the quarter. Quantbot Technologies LP’s holdings in Allison Transmission were worth $2,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Jane Street Group LLC raised its holdings in Allison Transmission by 341.3% in the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after buying an additional 223,253 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after acquiring an additional 11,542 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Allison Transmission by 16.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 252,089 shares of the auto parts company’s stock valued at $23,946,000 after acquiring an additional 36,405 shares during the period. Assetmark Inc. raised its stake in shares of Allison Transmission by 136.5% in the 2nd quarter. Assetmark Inc. now owns 2,119 shares of the auto parts company’s stock valued at $201,000 after acquiring an additional 1,223 shares during the period. Finally, Strs Ohio lifted its holdings in shares of Allison Transmission by 16.2% during the 2nd quarter. Strs Ohio now owns 20,750 shares of the auto parts company’s stock valued at $1,971,000 after acquiring an additional 2,900 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Shares of ALSN opened at $124.80 on Wednesday. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 0.83 and a beta of 0.96. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The business’s 50 day moving average is $110.91 and its two-hundred day moving average is $95.48. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $127.11.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be paid a $0.29 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is currently 14.73%.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares in the company, valued at approximately $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

ALSN has been the topic of several research reports. Raymond James Financial raised their price objective on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. Morgan Stanley raised their target price on Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Citigroup boosted their price target on Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company boosted their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and an average price target of $111.11.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.