Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Argent Trust Co

Argent Trust Co raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,463 shares of the auto parts company’s stock after buying an additional 277 shares during the quarter. Argent Trust Co’s holdings in Allison Transmission were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Sargent Investment Group LLC acquired a new position in shares of Allison Transmission in the 2nd quarter valued at about $231,000. Edgestream Partners L.P. purchased a new position in Allison Transmission during the second quarter valued at approximately $1,048,000. Renaissance Technologies LLC lifted its holdings 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. Dimensional Fund Advisors LP boosted its position in Allison Transmission by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after purchasing an additional 41,168 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Allison Transmission by 257.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock worth $24,245,000 after purchasing an additional 230,152 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

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

Allison Transmission Trading Up 0.1 %

Shares of Allison Transmission stock opened at $91.05 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $92.82. The firm has a market capitalization of $7.96 billion, a PE ratio of 12.16, a P/E/G ratio of 1.54 and a beta of 0.99. The firm’s 50-day moving average price is $86.70 and its 200 day moving average price is $80.12.

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 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 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. 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.