Stockbridge Partners LLC Invests $169.11 Million in Allison Transmission Holdings, Inc. $ALSN

Stockbridge Partners LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,499,984 shares of the auto parts company’s stock, valued at approximately $169,108,000. Allison Transmission accounts for 3.6% of Stockbridge Partners LLC’s portfolio, making the stock its 11th biggest holding.

A number of other large investors have also recently bought and sold shares of ALSN. BlackRock Inc. purchased a new position in Allison Transmission during the 2nd quarter worth approximately $448,232,000. Bank of Montreal Can raised its holdings in shares of Allison Transmission by 4,032.3% during 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 last quarter. Norges Bank purchased a new position in shares of Allison Transmission during the fourth quarter worth $115,674,000. Boston Partners lifted its position in Allison Transmission by 117.6% during the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after purchasing an additional 1,101,824 shares during the period. Finally, First Trust Advisors LP lifted its position in Allison Transmission by 85.2% during 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 period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several recent research reports. Citigroup lowered their price target 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 Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wells Fargo & Company upped their target price on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Morgan Stanley raised their target price on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. boosted their price target on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Allison Transmission presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.

Allison Transmission Trading Down 1.4%

Shares of Allison Transmission stock opened at $131.41 on Tuesday. The firm has a 50-day simple moving average of $119.37 and a two-hundred day simple moving average of $119.45. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The company has a market cap of $10.85 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95.

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

Allison Transmission Dividend Announcement

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 issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Insider Activity at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,050 shares of the business’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 in the company, valued at $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 Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

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.