Allison Transmission Holdings, Inc. (NYSE:ALSN) is Marathon Capital Management’s 8th Largest Position

Marathon Capital Management reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.8% in the second quarter, HoldingsChannel reports. The firm owned 118,718 shares of the auto parts company’s stock after selling 999 shares during the period. Allison Transmission makes up approximately 2.3% of Marathon Capital Management’s investment portfolio, making the stock its 8th largest position. Marathon Capital Management’s holdings in Allison Transmission were worth $9,011,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quent Capital LLC raised its stake in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY increased its holdings in shares of Allison Transmission by 2.1% in the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after purchasing an additional 186 shares during the period. Americana Partners LLC increased its holdings in shares of Allison Transmission by 3.9% in the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 191 shares during the period. Raymond James Trust N.A. increased its holdings in shares of Allison Transmission by 4.1% in the second quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 200 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Allison Transmission by 0.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock valued at $2,034,000 after purchasing an additional 210 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $95.90 on Friday. The company has a market capitalization of $8.39 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.64 and a beta of 0.99. The business’s 50 day moving average is $87.33 and its two-hundred day moving average is $80.52. 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 12-month low of $50.13 and a 12-month high of $96.38.

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

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Analysts Set New Price Targets

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

Insider Activity

In related news, SVP John Coll sold 2,000 shares of Allison Transmission 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 transaction, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company 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.