4,746 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,746 shares of the auto parts company’s stock, valued at approximately $535,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALSN. BlackRock Inc. acquired a new stake in shares of Allison Transmission during the 2nd quarter worth about $448,232,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Allison Transmission by 16.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock worth $324,407,000 after purchasing an additional 466,366 shares during the last quarter. Boston Partners grew its position in shares of Allison Transmission by 13.6% in the fourth quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock valued at $226,879,000 after purchasing an additional 277,811 shares during the period. Bank of Montreal Can grew its position in shares of 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 valued at $210,668,000 after purchasing an additional 2,099,797 shares during the period. Finally, First Trust Advisors LP increased its stake in Allison Transmission by 85.2% in the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock valued at $237,234,000 after purchasing an additional 932,201 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 0.1%

NYSE:ALSN opened at $133.41 on Monday. The firm has a market capitalization 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 stock has a 50 day moving average of $119.13 and a 200-day moving average of $119.31. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62.

Allison Transmission (NYSE:ALSN) last posted 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 return on equity of 38.18% and a net margin of 12.02%.The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business posted $2.29 earnings per share. The firm’s quarterly revenue was up 92.4% compared to the same quarter last year. Analysts predict that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently declared 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 dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ALSN shares. Citigroup cut 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. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company increased 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. Morgan Stanley raised their target price 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, JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Allison Transmission has a consensus rating of “Moderate Buy” and an average price target of $131.17.

Insider Activity at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

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.