Diversified Trust Co Invests $372,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Diversified Trust Co bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 4,585 shares of the auto parts company’s stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Wealth LLC lifted its position in shares of Allison Transmission by 9.1% in the 4th quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock worth $30,229,000 after purchasing an additional 43,243 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Allison Transmission by 43.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock valued at $2,712,000 after acquiring an additional 14,168 shares during the period. UBS Group AG lifted its position in Allison Transmission by 35.7% during the 4th quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock valued at $7,853,000 after acquiring an additional 35,501 shares during the period. Prevatt Capital Ltd purchased a new position in Allison Transmission during the 4th quarter valued at about $14,538,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Allison Transmission during the 4th quarter valued at about $3,140,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $75.95 on Friday. The company has a 50 day moving average price of $74.91 and a 200-day moving average price of $71.14. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $83.42. The firm has a market capitalization of $6.64 billion, a PE ratio of 10.14, a P/E/G ratio of 1.38 and a beta of 1.00. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. During the same period in the previous year, the business posted $1.85 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 7.65 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. Allison Transmission’s dividend payout ratio is presently 13.35%.

Insider Activity at Allison Transmission

In related news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares in the company, valued at $344,395.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the sale, the senior vice president now directly owns 14,420 shares in the company, valued at $1,082,365.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the sale, the vice president now owns 4,624 shares of the company’s stock, valued at $344,395.52. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of recent research reports. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Robert W. Baird lifted their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a report on Tuesday, April 16th. Finally, Citigroup began coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and an average price target of $75.25.

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.