Lazard Asset Management LLC Boosts Stock Position in Allison Transmission Holdings, Inc. $ALSN

Lazard Asset Management LLC raised its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 41.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,624 shares of the auto parts company’s stock after purchasing an additional 74,151 shares during the quarter. Lazard Asset Management LLC’s holdings in Allison Transmission were worth $29,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ALSN. Castleark Management LLC bought a new stake in shares of Allison Transmission during the 1st quarter worth $5,927,000. Family Manage LLC grew its position in Allison Transmission by 15.9% during the first quarter. Family Manage LLC now owns 5,060 shares of the auto parts company’s stock valued at $592,000 after buying an additional 696 shares during the period. Weiss Asset Management LP bought a new position in Allison Transmission during the first quarter valued at about $205,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Allison Transmission by 38.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 38,700 shares of the auto parts company’s stock worth $4,530,000 after buying an additional 10,700 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Allison Transmission by 1.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after purchasing an additional 100 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction dated Friday, May 8th. The shares were 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 of the company’s stock, valued at approximately $131,625. This represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Price Performance

Allison Transmission stock opened at $121.16 on Wednesday. The firm has a market capitalization of $10.05 billion, a P/E ratio of 18.84, a PEG ratio of 0.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. The business has a fifty day moving average price of $116.21 and a 200-day moving average price of $117.63.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm’s revenue for the quarter was up 83.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.23 EPS. As a group, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.65 EPS for the current year.

Allison Transmission Announces Dividend

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. The ex-dividend date was Monday, May 18th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio is currently 18.04%.

Wall Street Analysts Forecast Growth

ALSN has been the subject of several research reports. 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 note on Monday, July 13th. Citigroup dropped their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Wells Fargo & Company increased their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley boosted their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $131.17.

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.