Legal & General Group Plc Purchases New Holdings in Allison Transmission Holdings, Inc. $ALSN

Legal & General Group Plc acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 77,777 shares of the auto parts company’s stock, valued at approximately $8,769,000. Legal & General Group Plc owned approximately 0.09% of Allison Transmission as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALSN. BlackRock Inc. purchased a new position in shares of Allison Transmission during the 2nd quarter valued at approximately $448,232,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of Allison Transmission by 16.4% in 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 buying an additional 466,366 shares during the last quarter. Boston Partners increased its stake 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 worth $226,879,000 after buying an additional 277,811 shares during the last quarter. Bank of Montreal Can raised its holdings in 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 acquiring an additional 2,099,797 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings 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 acquiring an additional 932,201 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Allison Transmission

In related 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 sale, the insider owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 26,708 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the transaction, the chief executive officer owned 304,843 shares of the company’s stock, valued at $40,534,973.71. This represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ALSN. Morgan Stanley raised their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Wells Fargo & Company increased their price target 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 upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Citigroup lowered their price objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. One equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.17.

Allison Transmission Stock Down 2.4%

ALSN stock opened at $122.69 on Wednesday. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 0.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62. The firm has a fifty day moving average price of $120.34 and a two-hundred day moving average price of $119.97. 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 posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.50 billion. During the same period last year, the firm posted $2.29 EPS. The company’s revenue for the quarter was up 92.4% on a year-over-year basis. Research analysts predict that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 21st. Allison Transmission’s payout ratio is presently 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.