Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,522,519 shares of the auto parts company’s stock after acquiring an additional 39,700 shares during the period. Allison Transmission makes up approximately 0.5% of Renaissance Technologies LLC’s holdings, making the stock its 26th biggest holding. Renaissance Technologies LLC owned 4.03% of Allison Transmission worth $267,359,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALSN. Versant Capital Management Inc lifted its stake in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after buying an additional 336 shares during the period. Triad Wealth Partners LLC acquired a new position in Allison Transmission during the second quarter valued at $33,000. TFO Wealth Partners LLC lifted its position in Allison Transmission by 8,975.0% during 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 position in Allison Transmission by 139.8% during the second 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 period. Finally, Quent Capital LLC lifted its position in Allison Transmission by 24.0% during 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. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Up 1.4 %

Shares of NYSE ALSN opened at $87.38 on Monday. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $92.82. The stock has a market cap of $7.61 billion, a PE ratio of 11.67, a P/E/G ratio of 1.54 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average of $85.34 and a 200 day moving average of $79.70.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating 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 business had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter in the prior year, the company posted $1.92 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio is presently 13.35%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ALSN. Raymond James initiated coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price for the company. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. Citigroup initiated 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 for the company. The Goldman Sachs Group upped their price objective 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, 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 note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average target price of $79.57.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the 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 directly 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 SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

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.