Allison Transmission Holdings, Inc. $ALSN Stock: Vest Financial LLC Lowers Holdings

Vest Financial LLC decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 173,430 shares of the auto parts company’s stock after selling 7,760 shares during the period. Vest Financial LLC’s holdings in Allison Transmission were worth $19,643,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ALSN. BlackRock Inc. acquired a new position in shares of Allison Transmission during the second quarter valued at about $448,232,000. First Trust Advisors LP increased its position in shares of Allison Transmission by 85.2% during the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock worth $237,234,000 after acquiring an additional 932,201 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Allison Transmission by 105.7% during the second quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company’s stock worth $170,293,000 after acquiring an additional 776,169 shares in the last quarter. Stockbridge Partners LLC bought a new stake in shares of Allison Transmission during the second quarter worth about $169,108,000. Finally, Bank of America Corp DE raised its holdings in shares of Allison Transmission by 12.3% in the 1st quarter. Bank of America Corp DE now owns 1,100,162 shares of the auto parts company’s stock worth $128,785,000 after acquiring an additional 120,335 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 26,708 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the sale, the chief executive officer directly owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This represents a 8.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares of the company’s stock, valued at $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ALSN has been the topic of several recent research reports. Freedom Broker initiated coverage on shares of Allison Transmission in a research report on Friday, October 2nd. They issued a “buy” rating and a $144.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Allison Transmission from $145.00 to $142.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Citigroup raised Allison Transmission from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Monday, October 12th. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.57.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $109.38 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The stock’s fifty day simple moving average is $120.10 and its two-hundred day simple moving average is $119.90. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62. The stock has a market cap of $9.03 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.58 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $2.29 EPS. The business’s revenue for the quarter was up 92.4% compared to the same quarter last year. As a group, analysts forecast that Allison Transmission Holdings, Inc. will post 10.25 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Allison Transmission Company Profile

Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.

Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.