Catalyst Capital Advisors LLC Takes Position in Allison Transmission Holdings, Inc. $ALSN

Catalyst Capital Advisors LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the first quarter, Holdings Channel reports. The fund purchased 15,800 shares of the auto parts company’s stock, valued at approximately $1,850,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can lifted its holdings 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 period. Norges Bank bought a new stake in shares of Allison Transmission during the 4th quarter worth about $115,674,000. Boston Partners lifted its stake in shares of Allison Transmission by 117.6% in the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after acquiring an additional 1,101,824 shares during the period. Millennium Management LLC increased its stake in shares of Allison Transmission by 191.7% during the fourth quarter. Millennium Management LLC now owns 1,257,353 shares of the auto parts company’s stock valued at $123,095,000 after acquiring an additional 826,352 shares during the period. Finally, UBS Group AG increased its stake in shares of Allison Transmission by 222.2% during the third quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock valued at $81,531,000 after acquiring an additional 662,458 shares during the period. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ALSN shares. 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 research note on Friday. JPMorgan Chase & Co. upped their price objective on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Citigroup lowered their target price on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.17.

Allison Transmission Trading Down 1.8%

NYSE:ALSN opened at $113.43 on Friday. The stock has a fifty day simple moving average of $116.08 and a 200 day simple moving average of $116.52. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 0.63 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 Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $2.23 EPS. The business’s revenue for the quarter was up 83.6% on a year-over-year basis. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.84 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is presently 18.04%.

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.