Kendall Capital Management Invests $1.73 Million in Allison Transmission Holdings, Inc. $ALSN

Kendall Capital Management acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,327 shares of the auto parts company’s stock, valued at approximately $1,728,000.

A number of other institutional investors have also made changes to their positions in ALSN. Elevation Point Wealth Partners LLC acquired a new position in Allison Transmission during the second quarter worth $382,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Allison Transmission in the 2nd quarter valued at $117,000. Quantbot Technologies LP acquired a new stake in Allison Transmission in the 2nd quarter valued at $1,839,000. Evolve Private Wealth LLC bought a new stake in Allison Transmission during the 2nd quarter worth about $4,721,000. Finally, William Blair Investment Management LLC bought a new stake in Allison Transmission during the 2nd quarter worth about $535,000. Institutional investors own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,050 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares of the company’s stock, valued at $2,075,500. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALSN has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Citigroup reduced their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Morgan Stanley raised 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, July 17th. Finally, Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One equities 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 an average rating of “Moderate Buy” and a consensus price target of $131.17.

Allison Transmission Stock Performance

Shares of ALSN opened at $133.41 on Friday. The company has a market cap of $11.02 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95. The firm has a 50-day moving average of $119.13 and a 200-day moving average of $119.24. 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 2.07, a current ratio of 1.81 and a quick ratio of 1.17.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the firm earned $2.29 EPS. Allison Transmission’s quarterly revenue was up 92.4% compared to the same quarter last year. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be paid a $0.29 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s dividend payout ratio is currently 18.44%.

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.