Argent Trust Co Increases Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Argent Trust Co lifted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,463 shares of the auto parts company’s stock after buying an additional 277 shares during the quarter. Argent Trust Co’s holdings in Allison Transmission were worth $339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Versant Capital Management Inc boosted its position in Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of Allison Transmission in the second quarter valued at approximately $33,000. TFO Wealth Partners LLC grew its stake in Allison Transmission by 8,975.0% in the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 718 shares in the last quarter. Fifth Third Bancorp raised its position in Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares in the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Allison Transmission by 24.0% in the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares during the period. 96.90% of the stock is owned by institutional investors.

Allison Transmission Price Performance

Shares of ALSN opened at $91.05 on Friday. The company has a 50 day moving average of $86.70 and a two-hundred day moving average of $80.12. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $92.82. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter last year, the firm earned $1.92 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.10%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

Analysts Set New Price Targets

Several research firms recently weighed in on ALSN. The Goldman Sachs Group lifted their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Robert W. Baird upped their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Citigroup began coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price objective on the stock. Raymond James began coverage on shares of Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and a consensus price target of $79.57.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.