Clifford Capital Partners LLC Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Clifford Capital Partners LLC acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, HoldingsChannel.com reports. The fund acquired 4,451 shares of the auto parts company’s stock, valued at approximately $338,000.

A number of other institutional investors also recently added to or reduced their stakes in ALSN. UBS Group AG lifted its holdings in shares of Allison Transmission by 35.7% in the fourth quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock valued at $7,853,000 after purchasing an additional 35,501 shares in the last quarter. TFO Wealth Partners LLC raised its position 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 worth $42,000 after purchasing an additional 718 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Allison Transmission by 4.6% in the 4th quarter. Eagle Asset Management Inc. now owns 71,058 shares of the auto parts company’s stock valued at $4,132,000 after buying an additional 3,100 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in Allison Transmission by 7.7% during the 4th quarter. Pinebridge Investments L.P. now owns 23,597 shares of the auto parts company’s stock valued at $1,372,000 after buying an additional 1,681 shares during the last quarter. Finally, Prudential PLC increased its position in Allison Transmission by 121.1% during the fourth quarter. Prudential PLC now owns 55,092 shares of the auto parts company’s stock worth $3,204,000 after buying an additional 30,179 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 1.4 %

ALSN stock opened at $97.44 on Wednesday. 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’s 50-day simple moving average is $88.31 and its 200 day simple moving average is $81.16. The stock has a market cap of $8.52 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. Allison Transmission Holdings, Inc. has a fifty-two week low of $50.13 and a fifty-two week high of $98.00.

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

Allison Transmission Announces Dividend

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

Analyst Ratings Changes

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

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on 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 owns 12,420 shares in the company, valued at approximately $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. Corporate insiders own 1.10% of the company’s stock.

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.