Pacer Advisors Inc. raised its stake in Allison Transmission Holdings Inc (NASDAQ:ALSN) by 22.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,935 shares of the auto parts company’s stock after buying an additional 4,165 shares during the period. Pacer Advisors Inc.’s holdings in Allison Transmission Holdings were worth $827,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Glen Harbor Capital Management LLC acquired a new stake in Allison Transmission Holdings during the first quarter valued at $188,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Allison Transmission Holdings by 32.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,471 shares of the auto parts company’s stock valued at $197,000 after buying an additional 1,340 shares during the period. Asset Management One Co. Ltd. acquired a new stake in Allison Transmission Holdings during the fourth quarter valued at $198,000. World Asset Management Inc acquired a new stake in Allison Transmission Holdings during the first quarter valued at $204,000. Finally, Calamos Advisors LLC acquired a new stake in Allison Transmission Holdings during the fourth quarter valued at $212,000.
Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) traded up 1.44% during trading on Friday, hitting $37.34. The stock had a trading volume of 692,992 shares. The company’s 50 day moving average price is $36.84 and its 200 day moving average price is $35.00. The stock has a market cap of $5.68 billion and a price-to-earnings ratio of 24.84. Allison Transmission Holdings Inc has a 12 month low of $26.36 and a 12 month high of $40.02.
Allison Transmission Holdings (NASDAQ:ALSN) last posted its earnings results on Wednesday, April 26th. The auto parts company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.17. The firm had revenue of $499 million for the quarter, compared to analyst estimates of $461.76 million. During the same period in the previous year, the company posted $0.63 EPS. Allison Transmission Holdings’s revenue was up 8.0% on a year-over-year basis. Equities research analysts expect that Allison Transmission Holdings Inc will post $1.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, May 18th.
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Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Deutsche Bank AG lifted their target price on Allison Transmission Holdings from $43.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Goldman Sachs Group Inc downgraded Allison Transmission Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, February 27th. Piper Jaffray Companies set a $30.00 target price on Allison Transmission Holdings and gave the stock a “sell” rating in a research report on Thursday, April 27th. Finally, Barclays PLC lifted their target price on Allison Transmission Holdings from $39.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $37.89.
In related news, SVP Randall R. Kirk sold 6,854 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $35.82, for a total transaction of $245,510.28. Following the transaction, the senior vice president now owns 67,149 shares of the company’s stock, valued at approximately $2,405,277.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Randall R. Kirk sold 7,230 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $38.59, for a total value of $279,005.70. Following the transaction, the senior vice president now directly owns 72,085 shares in the company, valued at approximately $2,781,760.15. The disclosure for this sale can be found here.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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