Jacobs Levy Equity Management Inc. Has $54.07 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jacobs Levy Equity Management Inc. decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 11.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 666,189 shares of the auto parts company’s stock after selling 87,122 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.76% of Allison Transmission worth $54,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. raised its stake in shares of Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 426 shares during the period. Quent Capital LLC increased its position in shares of Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 210 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of Allison Transmission by 8,975.0% in the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 718 shares during the last quarter. Covestor Ltd increased its position in shares of Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock valued at $78,000 after acquiring an additional 728 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Allison Transmission by 237.4% in the fourth quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 781 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was 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 $1,082,365.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the sale, the senior vice president now directly owns 14,420 shares in the company, valued at $1,082,365.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the sale, the vice president now owns 4,624 shares of the company’s stock, valued at $344,395.52. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of recent research reports. Raymond James initiated coverage on Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price on the stock. Citigroup initiated coverage on Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. The Goldman Sachs Group lifted their price target on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a report on Monday. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $76.75.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded up $0.75 on Tuesday, hitting $88.23. The stock had a trading volume of 577,612 shares, compared to its average volume of 647,617. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $89.07. The business’s 50 day moving average is $76.92 and its two-hundred day moving average is $74.13. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, beating the consensus estimate of $2.04 by $0.09. Allison Transmission had a return on equity of 54.59% and a net margin of 21.95%. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. During the same quarter in the prior year, the business earned $1.92 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts forecast that Allison Transmission Holdings, Inc. will post 7.69 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, May 17th. Allison Transmission’s dividend payout ratio is currently 13.35%.

About Allison Transmission

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.