Allison Transmission Holdings, Inc. (NYSE:ALSN) Position Lifted by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,163 shares of the auto parts company’s stock after purchasing an additional 8,850 shares during the quarter. Allison Transmission makes up 3.6% of Foyston Gordon & Payne Inc’s holdings, making the stock its 10th largest position. Foyston Gordon & Payne Inc owned 0.22% of Allison Transmission worth $14,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in ALSN. Dimensional Fund Advisors LP lifted its position in shares of Allison Transmission by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,863,151 shares of the auto parts company’s stock valued at $108,345,000 after buying an additional 118,648 shares during the last quarter. Norges Bank purchased a new stake in Allison Transmission during the fourth quarter valued at approximately $56,334,000. Allianz Asset Management GmbH boosted its stake in Allison Transmission by 7.7% in the fourth quarter. Allianz Asset Management GmbH now owns 941,405 shares of the auto parts company’s stock valued at $54,743,000 after acquiring an additional 67,332 shares in the last quarter. Wasatch Advisors LP grew its holdings in Allison Transmission by 14.6% in the fourth quarter. Wasatch Advisors LP now owns 885,555 shares of the auto parts company’s stock worth $51,495,000 after purchasing an additional 112,775 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Allison Transmission by 12.8% during the second quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock worth $51,903,000 after purchasing an additional 77,649 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

ALSN opened at $92.75 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $92.82. The firm has a 50 day moving average of $82.81 and a two-hundred day moving average of $78.59. The firm has a market capitalization of $8.08 billion, a PE ratio of 12.38, a P/E/G ratio of 1.66 and a beta of 0.99.

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, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The firm had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter last year, the company posted $1.92 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. Allison Transmission’s payout ratio is 13.35%.

Insider Transactions at Allison Transmission

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup began coverage on Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective for the company. Robert W. Baird boosted their price target 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 assumed coverage on shares of Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group raised their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $79.57.

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.