2 weeks Ago By ABMN Staff
Marathon Capital Management lowered its position in Allison Transmission Holdings, Inc. ( NYSE:ALSN – Free Report ) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 118,718 shares of the auto parts company’s stock after selling 999 shares during the quarter. Allison Transmission makes up approximately 2.3% of Marathon Capital Management’s portfolio, making the stock its 8th biggest position.
Marathon Capital Management owned about 0.14% of Allison Transmission worth $9,011,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also bought and sold shares of the company.
Vision One Management Partners LP bought a new stake in Allison Transmission in the fourth quarter valued at approximately $17,848,000. Prevatt Capital Ltd bought a new stake in Allison Transmission in the fourth quarter valued at approximately $14,538,000. Thompson Siegel & Walmsley LLC lifted its position in Allison Transmission by 257.
8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after purchasing an additional 230,152 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Allison Transmission by 108.
9% in the first quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after purchasing an additional 135,194 shares during the last quarter. Finally, Carlson Capital L P bought a new stake in Allison Transmission in the first quarter valued at approximately $9,561,000.
Hedge funds and other institutional investors own 96.90% of the company’s stock. Insider Buying and Selling at Allison Transmission In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th.
The stock was 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 owns 12,420 shares in the company, valued at approximately $1,129,971.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
1.10% of the stock is currently owned by company insiders. Allison Transmission Stock Up 2.
9 % Allison Transmission ( NYSE:ALSN – Get Free Report ) last posted its quarterly earnings data 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. Allison Transmission had a return on equity of 52.
18% and a net margin of 21.95%. The firm had revenue of $816.
00 million for the quarter, compared to the consensus estimate of $799.44 million. During the same quarter last year, the company earned $1.
92 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year.
As a group, analysts forecast that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.
Allison Transmission Dividend Announcement The company also recently declared 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.
This represents a $1.00 annualized dividend and a yield of 1.04%.
The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio is presently 13.35%.
Analyst Upgrades and Downgrades Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Allison Transmission from $63.00 to $72.
00 and gave the company a “sell” rating in a research report on Monday, July 29th. Citigroup began coverage on Allison Transmission in a report on Wednesday, June 26th. They set a “neutral” rating and a $80.
00 target price for the company. Robert W. Baird upped their target price on Allison Transmission from $87.
00 to $90.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Raymond James began coverage on Allison Transmission in a report on Friday, June 28th.
They set an “outperform” rating and a $85.00 target price for the company. Finally, StockNews.
com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Monday, September 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $79.
57. Get Our Latest Stock Report on Allison Transmission About Allison Transmission ( Free Report ) 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. Featured Stories Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.
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