BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires New Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 12,700 shares of the auto parts company’s stock, valued at approximately $964,000.

A number of other large investors also recently made changes to their positions in ALSN. Versant Capital Management Inc increased its stake in Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 336 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in Allison Transmission in the 2nd quarter valued at about $33,000. TFO Wealth Partners LLC increased its stake 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 valued at $42,000 after acquiring an additional 718 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 506 shares during the period. Finally, Quent Capital LLC boosted its position in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ALSN shares. Robert W. Baird increased their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday. Raymond James began coverage on Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price on the stock. Citigroup initiated coverage on Allison Transmission in a research note on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on Allison Transmission from $63.00 to $72.00 and gave the company 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $79.57.

Allison Transmission Trading Up 1.8 %

Shares of ALSN opened at $92.75 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $92.82. The stock has a market cap of $8.08 billion, a PE ratio of 12.38, a P/E/G ratio of 1.66 and a beta of 0.99. The stock’s 50-day moving average is $82.81 and its two-hundred day moving average is $78.65.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping 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 period in the previous year, the company posted $1.92 EPS. Allison Transmission’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors 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 yield of 1.08%. The ex-dividend date was Monday, August 19th. Allison Transmission’s payout ratio is 13.35%.

Insider Buying and Selling

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the sale, the senior vice president now directly owns 14,420 shares in the company, valued at $1,082,365.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

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.