Healthcare of Ontario Pension Plan Trust Fund Purchases 10,700 Shares of Allison Transmission Holdings, Inc. $ALSN

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 38.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,700 shares of the auto parts company’s stock after purchasing an additional 10,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Allison Transmission were worth $4,530,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in Allison Transmission by 4,032.3% in the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after purchasing an additional 2,099,797 shares during the last quarter. Norges Bank purchased a new position in shares of Allison Transmission during the fourth quarter valued at approximately $115,674,000. Boston Partners grew its stake in shares of Allison Transmission by 117.6% during the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after buying an additional 1,101,824 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Allison Transmission by 85.2% during the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock valued at $237,234,000 after buying an additional 932,201 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Allison Transmission by 191.7% in the fourth quarter. Millennium Management LLC now owns 1,257,353 shares of the auto parts company’s stock worth $123,095,000 after buying an additional 826,352 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

Allison Transmission stock opened at $115.30 on Friday. The company has a 50 day moving average price of $116.46 and a 200-day moving average price of $117.79. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The company has a market capitalization of $9.56 billion, a PE ratio of 17.93, a P/E/G ratio of 0.63 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $2.23 earnings per share. Allison Transmission’s quarterly revenue was up 83.6% on a year-over-year basis. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.65 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, May 18th. Allison Transmission’s dividend payout ratio is currently 18.04%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ALSN. Wells Fargo & Company raised their price target on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Morgan Stanley increased their target price on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Finally, Citigroup lowered their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and an average price target of $131.17.

Insider Activity

In other news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the transaction, the chief financial officer owned 1,053 shares of the company’s stock, valued at approximately $131,625. This represents a 68.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Allison Transmission 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.