Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 34.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,410 shares of the auto parts company’s stock after acquiring an additional 66,011 shares during the quarter. Sei Investments Co.’s holdings in Allison Transmission were worth $19,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALSN. Norges Bank purchased a new position in shares of Allison Transmission during the 4th quarter worth approximately $56,334,000. Vision One Management Partners LP acquired a new position in shares of Allison Transmission in the fourth quarter worth $17,848,000. Prevatt Capital Ltd acquired a new stake in shares of Allison Transmission during the fourth quarter valued at $14,538,000. Thompson Siegel & Walmsley LLC increased its position in 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Allison Transmission by 108.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after purchasing an additional 135,194 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN stock opened at $93.18 on Thursday. The firm has a fifty day simple moving average of $87.33 and a 200-day simple moving average of $80.52. The company has a market capitalization of $8.12 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $93.44. 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 (NYSE:ALSN) last announced 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 company had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. During the same period last year, the firm earned $1.92 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.85 earnings per share 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of Allison Transmission 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 completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

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

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.