Allison Transmission Holdings, Inc. (NYSE:ALSN) Stake Boosted by Bank of Montreal Can

Bank of Montreal Can increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,668 shares of the auto parts company’s stock after purchasing an additional 3,350 shares during the quarter. Bank of Montreal Can’s holdings in Allison Transmission were worth $5,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in Allison Transmission during the 1st quarter worth about $1,229,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Allison Transmission during the 1st quarter worth about $1,342,000. UBS Group AG boosted 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 worth $7,853,000 after acquiring an additional 35,501 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Allison Transmission during the 1st quarter worth about $1,120,000. Finally, State Board of Administration of Florida Retirement System boosted its position in Allison Transmission by 11.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company’s stock worth $8,055,000 after acquiring an additional 10,196 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 1.4 %

ALSN opened at $97.44 on Wednesday. The business has a 50 day moving average price of $88.05 and a 200 day moving average price of $81.00. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $98.00. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The firm has a market cap of $8.52 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.09. The firm had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 EPS. Research analysts forecast that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio is presently 13.35%.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

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.