Flinton Capital Management LLC Invests $328,000 in Allison Transmission Holdings Inc (ALSN)

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Flinton Capital Management LLC bought a new stake in Allison Transmission Holdings Inc (NASDAQ:ALSN) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 9,100 shares of the auto parts company’s stock, valued at approximately $328,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning boosted its position in Allison Transmission Holdings by 0.4% in the first quarter. Creative Planning now owns 12,108 shares of the auto parts company’s stock valued at $437,000 after buying an additional 47 shares during the last quarter. American Century Companies Inc. boosted its position in Allison Transmission Holdings by 0.8% in the first quarter. American Century Companies Inc. now owns 26,093 shares of the auto parts company’s stock valued at $941,000 after buying an additional 218 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Allison Transmission Holdings by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,888 shares of the auto parts company’s stock valued at $568,000 after buying an additional 544 shares during the last quarter. Old West Investment Management LLC boosted its position in Allison Transmission Holdings by 1.5% in the fourth quarter. Old West Investment Management LLC now owns 66,838 shares of the auto parts company’s stock valued at $2,251,000 after buying an additional 1,007 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in Allison Transmission Holdings by 10.8% in the fourth quarter. Janus Capital Management LLC now owns 15,400 shares of the auto parts company’s stock valued at $519,000 after buying an additional 1,500 shares during the last quarter.

Institutional Ownership by Quarter for Allison Transmission Holdings (NASDAQ:ALSN)

Allison Transmission Holdings Inc (NASDAQ:ALSN) traded down 1.46% on Friday, hitting $37.67. The stock had a trading volume of 775,540 shares. Allison Transmission Holdings Inc has a one year low of $26.36 and a one year high of $40.02. The company’s 50-day moving average is $36.53 and its 200-day moving average is $34.63. The stock has a market cap of $5.73 billion and a P/E ratio of 25.06.

Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results on Wednesday, April 26th. The auto parts company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.17. The firm had revenue of $499 million during the quarter, compared to analyst estimates of $461.76 million. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.63 earnings per share. On average, analysts anticipate that Allison Transmission Holdings Inc will post $1.80 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 22nd will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%.

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Several research firms recently commented on ALSN. Royal Bank of Canada boosted their target price on Allison Transmission Holdings from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Deutsche Bank AG upped their price objective 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. Seaport Global Securities started coverage on Allison Transmission Holdings in a research report on Thursday, April 6th. They set a “neutral” rating for the company. Piper Jaffray Companies set a $30.00 price objective on Allison Transmission Holdings and gave the stock a “sell” rating in a research report on Thursday, April 27th. Finally, Zacks Investment Research raised Allison Transmission Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.89.

In related news, SVP Randall R. Kirk sold 7,230 shares of Allison Transmission Holdings 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 completion of the transaction, the senior vice president now directly owns 72,085 shares in the company, valued at $2,781,760.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randall R. Kirk sold 6,854 shares of Allison Transmission Holdings stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $35.82, for a total value of $245,510.28. Following the completion of the transaction, the senior vice president now owns 67,149 shares of the company’s stock, valued at $2,405,277.18. The disclosure for this sale can be found here.

About Allison Transmission Holdings

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).

5 Day Chart for NASDAQ:ALSN

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