Thompson Siegel & Walmsley LLC Grows Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Thompson Siegel & Walmsley LLC boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 257.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 319,428 shares of the auto parts company’s stock after acquiring an additional 230,152 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Allison Transmission were worth $24,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ALSN. Federated Hermes Inc. increased its stake in shares of Allison Transmission by 5.9% during the 2nd quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock worth $68,793,000 after purchasing an additional 50,625 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Allison Transmission by 1.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 100,361 shares of the auto parts company’s stock worth $7,422,000 after buying an additional 1,614 shares in the last quarter. Qsemble Capital Management LP raised its holdings in shares of Allison Transmission by 82.4% in the second quarter. Qsemble Capital Management LP now owns 6,573 shares of the auto parts company’s stock worth $499,000 after acquiring an additional 2,970 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Allison Transmission by 0.9% in the second quarter. American Century Companies Inc. now owns 43,768 shares of the auto parts company’s stock valued at $3,322,000 after acquiring an additional 397 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Allison Transmission during the second quarter valued at $437,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ALSN shares. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Citigroup began coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price on the stock. Robert W. Baird increased their price target on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note 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 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $79.57.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $87.38 on Friday. Allison Transmission Holdings, Inc. has a one year low of $50.13 and a one year high of $92.82. The company has a 50 day moving average price of $85.34 and a 200 day moving average price of $79.67. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. The firm had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 earnings per share. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

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.