Renaissance Technologies LLC Reduces Holdings in Allison Transmission Holdings, Inc. $ALSN

Renaissance Technologies LLC reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 13.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,260,397 shares of the auto parts company’s stock after selling 338,700 shares during the period. Allison Transmission comprises 0.4% of Renaissance Technologies LLC’s portfolio, making the stock its 28th largest position. Renaissance Technologies LLC’s holdings in Allison Transmission were worth $264,602,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its stake in Allison Transmission by 16.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock worth $324,407,000 after buying an additional 466,366 shares during the period. Boston Partners boosted its position in Allison Transmission by 13.6% in the 4th quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock valued at $226,879,000 after buying an additional 277,811 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Allison Transmission by 4,032.3% during the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after acquiring an additional 2,099,797 shares in 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 acquiring an additional 932,201 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Allison Transmission by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after acquiring an additional 304,974 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 1,053 shares in the company, valued at approximately $131,625. This trade represents a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Allison Transmission Stock Up 2.1%

Shares of Allison Transmission stock opened at $122.15 on Friday. The business has a 50-day moving average price of $115.79 and a 200 day moving average price of $117.20. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The firm has a market cap of $10.13 billion, a P/E ratio of 19.00, a P/E/G ratio of 0.66 and a beta of 0.95. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.Allison Transmission’s quarterly revenue was up 83.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.23 EPS. On average, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.65 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, May 18th. Allison Transmission’s dividend payout ratio is presently 18.04%.

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.