Clifford Capital Partners LLC Makes New Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Clifford Capital Partners LLC acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,451 shares of the auto parts company’s stock, valued at approximately $338,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of 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 in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission during the second quarter valued at approximately $33,000. TFO Wealth Partners LLC boosted its holdings in shares of Allison Transmission by 8,975.0% in the fourth 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 period. Fifth Third Bancorp lifted its holdings 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 worth $66,000 after buying an additional 506 shares during the period. Finally, Quent Capital LLC grew its position in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of ALSN opened at $97.44 on Wednesday. The company has a market capitalization of $8.52 billion, a P/E ratio of 13.01, a P/E/G ratio of 1.64 and a beta of 0.99. Allison Transmission Holdings, Inc. has a fifty-two week low of $50.13 and a fifty-two week high of $98.00. The business’s 50-day moving average is $88.31 and its two-hundred day moving average is $81.16. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The company had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same period in the prior year, the business posted $1.92 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts predict that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. Allison Transmission’s dividend payout ratio is currently 13.35%.

Analysts Set New Price Targets

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

Insider Activity

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred 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 $1,129,971.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Allison Transmission Company 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.