Dimensional Fund Advisors LP Buys 41,168 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Dimensional Fund Advisors LP boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,893,618 shares of the auto parts company’s stock after acquiring an additional 41,168 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.16% of Allison Transmission worth $143,716,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ALSN. Versant Capital Management Inc grew its holdings in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of Allison Transmission in the 2nd quarter valued at about $33,000. TFO Wealth Partners LLC boosted its stake in shares of Allison Transmission by 8,975.0% in the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 718 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in shares of Allison Transmission by 24.0% in the 2nd 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. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $91.06 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The company has a market capitalization of $7.97 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company’s 50 day moving average price is $86.70 and its two-hundred day moving average price is $80.16. 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 earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. The firm had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. On average, analysts expect that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the sale, the senior vice president now directly owns 14,420 shares in the company, valued at $1,082,365.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALSN. StockNews.com lowered 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 raised their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Robert W. Baird raised their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Citigroup began coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price objective on the stock. Finally, Raymond James began coverage on shares of Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.57.

About Allison Transmission

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.