BNP Paribas Arbitrage SA Has $10.44 Million Holdings in Allison Transmission (ALSN)
BNP Paribas Arbitrage SA raised its stake in shares of Allison Transmission (NYSE:ALSN) by 18.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 267,333 shares of the auto parts company’s stock after buying an additional 42,538 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.19% of Allison Transmission worth $10,442,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Glenmede Trust Co. NA lifted its stake in shares of Allison Transmission by 16.1% during the 4th quarter. Glenmede Trust Co. NA now owns 55,590 shares of the auto parts company’s stock worth $2,393,000 after purchasing an additional 7,693 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Allison Transmission by 35.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the auto parts company’s stock worth $352,000 after purchasing an additional 2,139 shares during the period. Caxton Associates LP lifted its stake in shares of Allison Transmission by 14.6% during the 4th quarter. Caxton Associates LP now owns 16,500 shares of the auto parts company’s stock worth $711,000 after purchasing an additional 2,100 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Allison Transmission by 257.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,011 shares of the auto parts company’s stock worth $647,000 after purchasing an additional 10,811 shares during the period. Finally, Aperio Group LLC lifted its stake in shares of Allison Transmission by 5.5% during the 4th quarter. Aperio Group LLC now owns 30,413 shares of the auto parts company’s stock worth $1,310,000 after purchasing an additional 1,573 shares during the period.
Shares of Allison Transmission opened at $41.31 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.25 and a current ratio of 1.64. The firm has a market capitalization of $5.79 billion, a P/E ratio of 15.53, a PEG ratio of 1.07 and a beta of 1.21. Allison Transmission has a twelve month low of $32.93 and a twelve month high of $45.69.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Monday, May 21st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Friday, May 18th. Allison Transmission’s dividend payout ratio (DPR) is currently 22.56%.
In other Allison Transmission news, Director James A. Star sold 30,168 shares of the firm’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $40.17, for a total value of $1,211,848.56. Following the transaction, the director now directly owns 41,900 shares of the company’s stock, valued at $1,683,123. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James A. Star sold 3,005 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $40.28, for a total value of $121,041.40. Following the completion of the transaction, the director now directly owns 38,895 shares in the company, valued at $1,566,690.60. The disclosure for this sale can be found here. Insiders sold a total of 363,660 shares of company stock worth $14,998,735 over the last ninety days. Corporate insiders own 8.40% of the company’s stock.
ALSN has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America lowered Allison Transmission from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $52.00 to $48.00 in a research note on Thursday, February 8th. Stifel Nicolaus set a $44.00 price target on Allison Transmission and gave the stock a “hold” rating in a research note on Friday, February 9th. William Blair reissued a “buy” rating on shares of Allison Transmission in a research note on Tuesday, February 13th. Finally, Royal Bank of Canada lowered Allison Transmission from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $46.00 to $50.00 in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $44.09.
About Allison Transmission
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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