Mercer Global Advisors Inc. ADV Purchases 3,218 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Mercer Global Advisors Inc. ADV increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 111.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,101 shares of the auto parts company’s stock after purchasing an additional 3,218 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Allison Transmission were worth $463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ALSN. Argent Trust Co grew its position in Allison Transmission by 6.6% in the second quarter. Argent Trust Co now owns 4,463 shares of the auto parts company’s stock valued at $339,000 after acquiring an additional 277 shares during the period. Sargent Investment Group LLC bought a new stake in Allison Transmission in the second quarter valued at $231,000. Edgestream Partners L.P. bought a new stake in Allison Transmission in the second quarter valued at $1,048,000. Renaissance Technologies LLC grew its position in Allison Transmission by 1.1% in the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock valued at $267,359,000 after acquiring an additional 39,700 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Allison Transmission by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after acquiring an additional 41,168 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ALSN shares. Citigroup started coverage on Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective on the stock. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. Robert W. Baird boosted their price objective on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Raymond James started coverage on Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $79.57.

Allison Transmission Trading Up 0.6 %

Shares of ALSN opened at $96.50 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $97.25. The stock’s fifty day simple moving average is $87.82 and its 200-day simple moving average is $80.78. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $8.44 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating 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 firm had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s payout ratio is 13.35%.

About Allison Transmission

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.