Cvfg LLC Purchases New Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cvfg LLC acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,672 shares of the auto parts company’s stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ALSN. Choreo LLC bought a new stake in shares of Allison Transmission in the 2nd quarter valued at approximately $237,000. American Century Companies Inc. boosted its holdings in Allison Transmission by 0.9% in the second quarter. American Century Companies Inc. now owns 43,768 shares of the auto parts company’s stock worth $3,322,000 after purchasing an additional 397 shares during the period. Dimensional Fund Advisors LP increased its stake in Allison Transmission by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after purchasing an additional 41,168 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Allison Transmission in the 2nd quarter worth about $1,048,000. Finally, Argent Trust Co boosted its holdings in shares of Allison Transmission by 6.6% in the 2nd quarter. Argent Trust Co now owns 4,463 shares of the auto parts company’s stock valued at $339,000 after buying an additional 277 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

ALSN stock opened at $117.47 on Friday. The company has a market capitalization of $10.18 billion, a P/E ratio of 14.31, a PEG ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The company has a 50-day simple moving average of $114.01 and a 200 day simple moving average of $98.67. Allison Transmission Holdings, Inc. has a fifty-two week low of $55.81 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $1.76 earnings per share. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 8.26 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.85%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insider Buying and Selling

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $2,683,537 over the last three months. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ALSN. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. Morgan Stanley raised their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Oppenheimer upped their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Finally, The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Two investment analysts have 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.38.

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.