Renaissance Technologies LLC recently announced the acquisition of new stake in Allison Transmission Holdings Inc. (NYSE:ALSN). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.11% to 3.52 million shares with purchase of 38500.0 shares. This fresh investment now brings its stake to 3.83% valued currently at $171.63 million. In addition, AQR Capital Management LLC raised its holdings by 0.36 million to 2.24 million shares.
With over 1.4 million Allison Transmission Holdings Inc. (ALSN) shares trading Monday and a closing price of $49.06 on the day, the dollar volume was approximately $68.62 million. The shares have shown a positive half year performance of 11.40% and its price on 05/22/23 lost nearly -0.57%. Currently, there are 92.00M common shares owned by the public and among those 89.46M shares have been available to trade.
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Insiders at the company have transacted a total of 123 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 77 of these insider trades were purchases, accounting for 318,375 shares. Insider sales of the common stock occurred on 46 occasions, with total insider shares sold totaling 293,749 shares.
The top 3 mutual fund holders in Allison Transmission Holdings Inc. are Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and Touchstone Funds Group Trust – Mi. Vanguard Total Stock Market ETF owns 2.84 million shares of the company’s stock, all valued at over $138.37 million. The company bought an additional 10656.0 shares recently to bring their total holdings to about 3.09% of the shares outstanding. Vanguard Small Cap Index Fund sold 6733.0 shares to see its total holdings shrink to 2.4 million shares valued at over $117.27 million and representing 2.62% of the shares outstanding. Touchstone Funds Group Trust – Mi sold 33648.0 shares to bring its total holdings to over 2.38 million shares at a value of $115.88 million. Touchstone Funds Group Trust – Mi now owns shares totaling to 2.59% of the shares outstanding.
Shares of Allison Transmission Holdings Inc. (NYSE: ALSN) opened at $49.22, down -$0.12 from a prior closing price of $49.34. However, the script later moved the day high at 49.58, down -0.57%. The company’s stock has a 5-day price change of 1.07% and 0.97% over the past three months. ALSN shares are trading 17.93% year to date (YTD), with the 12-month market performance up to 28.87% higher. It has a 12-month low price of $32.63 and touched a high of $50.64 over the same period. ALSN has an average intraday trading volume of 783.64K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.87%, 7.09%, and 15.93% respectively.
Institutional ownership of Allison Transmission Holdings Inc. (NYSE: ALSN) shares accounts for 101.80% of the company’s 92.00M shares outstanding. Mutual fund holders own 49.78%, while other institutional holders and individual stakeholders account for 52.99% and 42.29% respectively.
It has a market capitalization of $4.46B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 8.08, while the earnings-per-share (ttm) stands at $6.07. The company has a PEG of 0.80 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 2.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.04% over the week and 2.34% over the month.
Analysts forecast that Allison Transmission Holdings Inc. (ALSN) will achieve an EPS of $1.62 for the current quarter, $1.64 for the next quarter and $6.92 for 2024. The lowest estimate earnings-per-share for the quarter is $1.46 while analysts give the company a high EPS estimate of $1.77. Comparatively, EPS for the current quarter was $1.26 a year ago. Earnings per share for the fiscal year are expected to increase by 33.90%, and 4.14% over the next financial year. EPS should shrink at an annualized rate of 10.11% over the next five years, compared to 18.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Allison Transmission Holdings Inc. (ALSN) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 4 of the 11 advise that investors “hold,” and 3 rated it as a “Sell.”
