10,237 Allison Transmission Holdings, Inc. $ALSN Shares Acquired by Dudley & Shanley Inc.

Dudley & Shanley Inc. lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 175,274 shares of the auto parts company’s stock after purchasing an additional 10,237 shares during the quarter. Allison Transmission accounts for approximately 3.2% of Dudley & Shanley Inc.’s holdings, making the stock its 15th biggest holding. Dudley & Shanley Inc.’s holdings in Allison Transmission were worth $19,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALSN. Bank of America Corp DE bought a new position in Allison Transmission in the 2nd quarter valued at $83,110,000. MAC Alpha Capital Management LP raised its holdings in shares of Allison Transmission by 59.4% in the second quarter. MAC Alpha Capital Management LP now owns 156,191 shares of the auto parts company’s stock valued at $17,610,000 after buying an additional 58,208 shares during the last quarter. Vise Technologies Inc. acquired a new position in Allison Transmission during the 2nd quarter worth about $1,047,000. BlackRock Inc. bought a new stake in Allison Transmission during the 2nd quarter worth about $448,232,000. Finally, Legal & General Group Plc acquired a new stake in Allison Transmission in the 2nd quarter valued at about $8,769,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALSN has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Freedom Broker began coverage on shares of Allison Transmission in a report on Friday. They issued a “buy” rating and a $144.00 price objective on the stock. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Citigroup cut their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Finally, Morgan Stanley lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $133.00.

Insider Activity at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider directly owned 16,604 shares of the company’s stock, valued at $2,075,500. This represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Graziosi sold 26,708 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the sale, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. The trade was a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Stock Up 0.4%

Shares of ALSN traded up $0.48 during mid-day trading on Tuesday, hitting $116.23. The company’s stock had a trading volume of 200,627 shares, compared to its average volume of 938,445. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The company’s 50-day moving average is $122.32 and its 200-day moving average is $120.31. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.62 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.48 by $0.25. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. Allison Transmission’s revenue was up 92.4% on a year-over-year basis. During the same period last year, the firm posted $2.29 EPS. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 10.27 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 21st. Allison Transmission’s dividend payout ratio is 18.44%.

About Allison Transmission

Allison Transmission Holdings, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and defense vehicles. Its products are used in a broad range of applications, including refuse and construction trucks, buses, distribution vehicles, emergency vehicles, motorhomes, and off-highway equipment.

The company’s portfolio includes conventional automatic transmissions, hybrid-electric propulsion systems, and electric axles and other solutions intended to support vehicle electrification.