Geode Capital Management LLC Trims Holdings in Allison Transmission Holdings, Inc. $ALSN

Geode Capital Management LLC lessened its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,960,380 shares of the auto parts company’s stock after selling 19,928 shares during the quarter. Geode Capital Management LLC’s holdings in Allison Transmission were worth $191,952,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ALSN. Rossby Financial LCC increased its holdings in Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 153 shares during the period. Larson Financial Group LLC increased its holdings in Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Allison Transmission during the 4th quarter valued at about $51,000. Advisory Services Network LLC purchased a new position in Allison Transmission during the 3rd quarter valued at about $61,000. Finally, Wolverine Asset Management LLC increased its holdings in Allison Transmission by 120.4% during the 4th quarter. Wolverine Asset Management LLC now owns 695 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 4,100 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Allison Transmission stock opened at $119.02 on Thursday. The stock’s 50 day simple moving average is $121.34 and its two-hundred day simple moving average is $111.20. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 0.62 and a beta of 0.94. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.47. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The business’s revenue was up 83.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.23 EPS. As a group, analysts expect that Allison Transmission Holdings, Inc. will post 9.96 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s payout ratio is presently 18.04%.

Insider Activity at Allison Transmission

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total transaction of $150,207.20. Following the sale, the insider directly owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. The trade was a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares in the company, valued at approximately $131,625. The trade was a 68.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALSN. Morgan Stanley boosted their price target on Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Oppenheimer boosted their price target on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Zacks Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Citigroup boosted their price target on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $120.29.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.