Y.D. More Investments Ltd Takes $635,000 Position in Allison Transmission Holdings, Inc. $ALSN

Y.D. More Investments Ltd bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 5,631 shares of the auto parts company’s stock, valued at approximately $635,000.

A number of other hedge funds have also recently added to or reduced their stakes in ALSN. Millstone Evans Group LLC acquired a new stake in Allison Transmission during the first quarter valued at $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Allison Transmission in the first quarter worth about $27,000. Larson Financial Group LLC raised its position in shares of Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 263 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 338 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Allison Transmission during the 4th quarter worth about $51,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

NYSE:ALSN opened at $116.03 on Tuesday. The company has a market cap of $9.62 billion, a P/E ratio of 18.04, a P/E/G ratio of 0.62 and a beta of 0.95. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The company’s 50-day moving average price is $116.98 and its 200-day moving average price is $116.25. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.47. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. Allison Transmission’s revenue was up 83.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.23 EPS. On average, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.86 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a $0.29 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio is 18.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALSN. Wells Fargo & Company raised their target price on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. increased their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley raised their price objective on Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Citigroup boosted their price objective on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.17.

Insider Activity

In other news, CFO Scott A. Mell sold 2,270 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.00, for a total value of $283,750.00. Following the completion of the sale, the chief financial officer directly owned 1,053 shares in the company, valued at $131,625. This represents a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

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.