Choreo LLC Takes $237,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Choreo LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,152 shares of the auto parts company’s stock, valued at approximately $237,000.

A number of other hedge funds have also recently bought and sold shares of ALSN. Versant Capital Management Inc boosted its position in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of Allison Transmission during the 2nd quarter valued at about $33,000. TFO Wealth Partners LLC lifted its holdings in shares of Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after buying an additional 718 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of 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 buying an additional 506 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Allison Transmission Trading Up 2.7 %

NYSE ALSN opened at $90.99 on Friday. The firm has a market capitalization of $7.96 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. The business’s 50-day moving average price is $86.43 and its two-hundred day moving average price is $80.02. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $92.82.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS 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 analyst estimates of $799.44 million. During the same period in the previous year, the company posted $1.92 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio is currently 13.35%.

Insider Buying and Selling 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 Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the sale, the senior vice president now owns 14,420 shares in the company, valued at $1,082,365.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Allison Transmission Company 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.