Susquehanna Fundamental Investments LLC Acquires 6,000 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Susquehanna Fundamental Investments LLC raised its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 43.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,800 shares of the auto parts company’s stock after buying an additional 6,000 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Allison Transmission were worth $1,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALSN. Quent Capital LLC grew 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 valued at $68,000 after purchasing an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY raised its stake in Allison Transmission by 2.1% during the 2nd 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 last quarter. Americana Partners LLC raised its position in shares of Allison Transmission by 3.9% during the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after buying an additional 191 shares during the last quarter. Raymond James Trust N.A. lifted its stake 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 buying an additional 200 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in Allison Transmission by 0.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock worth $2,034,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Allison Transmission stock opened at $97.44 on Wednesday. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $98.00. The stock has a 50-day simple moving average of $88.05 and a 200 day simple moving average of $81.00. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 1.64 and a beta of 0.99. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62.

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, topping analysts’ consensus estimates of $2.04 by $0.09. The company had revenue of $816.00 million during 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%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. Allison Transmission’s payout ratio is presently 13.35%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALSN shares. Citigroup started coverage on Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price for the company. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. Raymond James started coverage on Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective on the stock. The Goldman Sachs Group raised 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. Finally, Robert W. Baird boosted their price target on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. 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 stock. According to MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus target price of $79.57.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated 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 available through this link. Insiders own 1.10% of the company’s stock.

Allison Transmission Company 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.