Fort L.P. purchased a new position in Allison Transmission (NYSE:ALSN) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 62,692 shares of the auto parts company’s stock, valued at approximately $2,449,000.

A number of other large investors have also recently bought and sold shares of ALSN. Burgundy Asset Management Ltd. lifted its holdings in Allison Transmission by 0.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 5,149,530 shares of the auto parts company’s stock worth $221,790,000 after acquiring an additional 34,690 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Allison Transmission by 2.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,065,472 shares of the auto parts company’s stock worth $132,030,000 after acquiring an additional 68,837 shares during the last quarter. Jennison Associates LLC lifted its holdings in Allison Transmission by 44.5% in the fourth quarter. Jennison Associates LLC now owns 2,584,627 shares of the auto parts company’s stock worth $111,320,000 after acquiring an additional 796,191 shares during the last quarter. LSV Asset Management lifted its holdings in Allison Transmission by 101.4% in the first quarter. LSV Asset Management now owns 1,818,044 shares of the auto parts company’s stock worth $71,012,000 after acquiring an additional 915,544 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in Allison Transmission by 8.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,671,194 shares of the auto parts company’s stock worth $71,978,000 after acquiring an additional 132,129 shares during the last quarter.

In related news, Director James A. Star sold 30,168 shares of the business’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $40.17, for a total transaction of $1,211,848.56. Following the sale, the director now owns 41,900 shares of the company’s stock, valued at $1,683,123. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James A. Star sold 3,005 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $40.28, for a total value of $121,041.40. Following the sale, the director now directly owns 38,895 shares in the company, valued at approximately $1,566,690.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 363,660 shares of company stock worth $14,998,735. 8.40% of the stock is owned by corporate insiders.

A number of equities analysts have issued reports on ALSN shares. Bank of America cut shares of Allison Transmission from a “buy” rating to a “neutral” rating and cut their target price for the stock from $52.00 to $48.00 in a report on Thursday, February 8th. Royal Bank of Canada cut Allison Transmission from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $46.00 to $50.00 in a report on Friday, February 16th. Zacks Investment Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Monday, February 12th. Stifel Nicolaus set a $50.00 price target on Allison Transmission and gave the company a “buy” rating in a report on Thursday, April 5th. Finally, JPMorgan Chase cut Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 price target on the stock. in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Allison Transmission presently has a consensus rating of “Hold” and an average target price of $44.09.

ALSN opened at $43.18 on Monday. The company has a market cap of $5.93 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21. The company has a current ratio of 1.64, a quick ratio of 1.25 and a debt-to-equity ratio of 3.59. Allison Transmission has a twelve month low of $32.93 and a twelve month high of $45.69.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, April 30th. The auto parts company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.30. Allison Transmission had a return on equity of 71.50% and a net margin of 23.58%. The company had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $573.01 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. analysts anticipate that Allison Transmission will post 3.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Monday, May 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 18th. This represents a $0.60 annualized dividend and a yield of 1.39%. Allison Transmission’s payout ratio is 22.56%.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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