XTX Topco Ltd Acquires New Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN)

XTX Topco Ltd bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,878 shares of the auto parts company’s stock, valued at approximately $674,000.

Several other large investors also recently modified their holdings of the business. Quent Capital LLC grew its position 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 period. Miller Howard Investments Inc. NY raised its holdings in shares of Allison Transmission by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock worth $676,000 after acquiring an additional 186 shares during the period. Americana Partners LLC lifted its position in Allison Transmission by 3.9% in the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after acquiring an additional 191 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Allison Transmission by 4.1% in the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 200 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its holdings in Allison Transmission by 0.8% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock worth $2,034,000 after purchasing an additional 210 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $91.06 on Monday. The company has a fifty day moving average price of $86.70 and a two-hundred day moving average price of $80.19. Allison Transmission Holdings, Inc. has a one year low of $50.13 and a one year high of $92.82. The stock has a market cap of $7.97 billion, a P/E ratio of 12.16, a P/E/G 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.

Allison Transmission (NYSE:ALSN) last issued its 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 business had revenue of $816.00 million during 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%. Allison Transmission’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $1.92 EPS. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Allison Transmission Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Raymond James assumed coverage on shares of Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 price target for the company. Citigroup began coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective on the stock. 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 report on Friday, July 26th. Finally, StockNews.com cut 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 given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $79.57.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction 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 transaction, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at $1,129,971.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

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.