Edgestream Partners L.P. Acquires New Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Edgestream Partners L.P. acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,809 shares of the auto parts company’s stock, valued at approximately $1,048,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quent Capital LLC raised 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 period. Miller Howard Investments Inc. NY lifted its stake 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 worth $676,000 after buying an additional 186 shares during the last quarter. Americana Partners LLC lifted its stake 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 worth $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 worth $385,000 after buying an additional 200 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake 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 worth $2,034,000 after buying an additional 210 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Up 0.1 %

Shares of Allison Transmission stock opened at $91.05 on Friday. The firm has a market capitalization of $7.96 billion, a PE ratio of 12.16, 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 current ratio of 2.78 and a quick ratio of 2.19. The company’s fifty day moving average price is $86.70 and its two-hundred day moving average price is $80.12. Allison Transmission Holdings, Inc. has a 52-week low of $50.13 and a 52-week high of $92.82.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.09. The firm had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. On average, analysts expect that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.