JPMorgan Chase & Co. Purchases 23,025 Shares of Allison Transmission Holdings, Inc. $ALSN

JPMorgan Chase & Co. boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 377,739 shares of the auto parts company’s stock after buying an additional 23,025 shares during the period. JPMorgan Chase & Co.’s holdings in Allison Transmission were worth $32,063,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC raised its stake in Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after purchasing an additional 223,253 shares during the period. Goldman Sachs Group Inc. grew its holdings in Allison Transmission by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after buying an additional 11,542 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of Allison Transmission during the second quarter valued at approximately $231,000. Envestnet Asset Management Inc. lifted its holdings in shares of Allison Transmission by 16.9% in the second quarter. Envestnet Asset Management Inc. now owns 252,089 shares of the auto parts company’s stock worth $23,946,000 after buying an additional 36,405 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Allison Transmission during the second quarter worth $2,189,000. Institutional investors own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Trading Up 0.5%

Shares of ALSN stock opened at $125.41 on Friday. The company has a market cap of $10.39 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $126.31. The stock’s 50 day simple moving average is $109.89 and its two-hundred day simple moving average is $94.89. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 3.06.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 9th. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s payout ratio is currently 14.73%.

Analyst Ratings Changes

Several analysts have commented on ALSN shares. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Oppenheimer increased their price target on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $111.11.

About Allison Transmission

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.