Qsemble Capital Management LP Grows Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Qsemble Capital Management LP grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 82.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,573 shares of the auto parts company’s stock after purchasing an additional 2,970 shares during the quarter. Qsemble Capital Management LP’s holdings in Allison Transmission were worth $499,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC boosted its position in shares of Allison Transmission by 6.1% in the fourth quarter. Private Advisor Group LLC now owns 6,172 shares of the auto parts company’s stock worth $359,000 after acquiring an additional 353 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Allison Transmission by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 682,650 shares of the auto parts company’s stock valued at $39,696,000 after purchasing an additional 8,234 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Allison Transmission during the 4th quarter valued at $134,000. BNP Paribas Financial Markets increased its holdings in shares of Allison Transmission by 121.2% during the 4th quarter. BNP Paribas Financial Markets now owns 63,809 shares of the auto parts company’s stock worth $3,710,000 after buying an additional 34,968 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Allison Transmission by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,863,151 shares of the auto parts company’s stock worth $108,345,000 after buying an additional 118,648 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Up 1.4 %

ALSN stock opened at $87.38 on Friday. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.54 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 1-year low of $50.13 and a 1-year high of $92.82. The firm has a fifty day moving average price of $85.34 and a two-hundred day moving average price of $79.64. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19.

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

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date was Monday, August 19th. Allison Transmission’s payout ratio is currently 13.35%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the transaction, the senior vice president now owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.