AMI Investment Management Inc. Sells 1,120 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

AMI Investment Management Inc. lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 30,453 shares of the auto parts company’s stock after selling 1,120 shares during the period. AMI Investment Management Inc.’s holdings in Allison Transmission were worth $2,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transce3nd LLC bought a new position in shares of Allison Transmission in the fourth quarter worth about $25,000. SRH Advisors LLC purchased a new stake in Allison Transmission in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new stake in Allison Transmission in the 4th quarter worth approximately $30,000. Vermillion Wealth Management Inc. bought a new stake in Allison Transmission during the 4th quarter worth approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Allison Transmission by 363.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALSN shares. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a “sell” rating in a research note on Tuesday, May 27th. Wall Street Zen upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. JPMorgan Chase & Co. decreased their price target on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Citigroup lowered their price objective on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird cut their target price on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.13.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now directly owns 15,388 shares in the company, valued at approximately $1,466,938.04. This represents a 10.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the transaction, the vice president now directly owns 11,924 shares of the company’s stock, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $102.53 on Friday. The company has a market cap of $8.64 billion, a P/E ratio of 12.34 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The firm’s fifty day moving average is $96.10 and its two-hundred day moving average is $104.64.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The firm had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same quarter last year, the business posted $1.90 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.05%. The ex-dividend date was Monday, May 19th. Allison Transmission’s dividend payout ratio is presently 12.50%.

Allison Transmission announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Allison Transmission Profile

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.