Legacy Financial Advisors Inc. Buys Shares of 5,592 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Legacy Financial Advisors Inc. bought a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSNGet Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,592 shares of the auto parts company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fieldpoint Private Securities LLC purchased a new position in shares of Allison Transmission in the 3rd quarter worth $31,000. Point72 Hong Kong Ltd purchased a new position in shares of Allison Transmission in the 3rd quarter worth $38,000. Trust Co. of Vermont purchased a new position in shares of Allison Transmission in the 4th quarter worth $52,000. National Bank of Canada FI purchased a new position in shares of Allison Transmission in the 4th quarter worth $73,000. Finally, Fifth Third Bancorp boosted its stake in shares of Allison Transmission by 36.0% in the 4th quarter. Fifth Third Bancorp now owns 2,036 shares of the auto parts company’s stock worth $74,000 after buying an additional 539 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

NYSE:ALSN opened at $35.90 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 3.95. The business’s 50-day simple moving average is $38.93 and its two-hundred day simple moving average is $37.29. The stock has a market cap of $3.48 billion, a PE ratio of 8.71, a P/E/G ratio of 0.99 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 52 week low of $32.55 and a 52 week high of $46.40.

Allison Transmission (NYSE:ALSNGet Rating) last posted its quarterly earnings results on Tuesday, February 15th. The auto parts company reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.24. The business had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $593.05 million. Allison Transmission had a return on equity of 62.32% and a net margin of 18.40%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Monday, March 7th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.34%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, March 4th. Allison Transmission’s payout ratio is 20.39%.

ALSN has been the topic of a number of research reports. Citigroup dropped their price target on Allison Transmission from $41.00 to $39.00 in a research note on Tuesday, April 12th. Morgan Stanley lifted their target price on Allison Transmission from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Tuesday, April 5th. TheStreet downgraded Allison Transmission from a “b” rating to a “c+” rating in a research report on Friday, March 11th. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, February 8th. Finally, The Goldman Sachs Group lifted their target price on Allison Transmission from $35.00 to $38.00 in a research report on Thursday, February 17th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.43.

About Allison Transmission (Get Rating)

Allison Transmission Holdings, Inc engages in the design and manufacture of vehicle propulsion solutions for commercial and defense vehicles. The company also manufactures medium and heavy duty fully automatic transmissions and electrified propulsion systems. Its products are used in a variety of applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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