Wasatch Advisors LP Lowers Stake in Allison Transmission Holdings, Inc. $ALSN

Wasatch Advisors LP lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 21.3% during the 1st quarter, Holdings Channel reports. The fund owned 734,327 shares of the auto parts company’s stock after selling 198,978 shares during the period. Wasatch Advisors LP’s holdings in Allison Transmission were worth $85,960,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Inscription Capital LLC raised its position in shares of Allison Transmission by 0.7% in the 4th quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company’s stock worth $1,404,000 after acquiring an additional 95 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Allison Transmission by 16.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 105 shares during the last quarter. Villanova Investment Management Co LLC boosted its position in Allison Transmission by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock valued at $2,554,000 after purchasing an additional 106 shares in the last quarter. Xponance LLC boosted its position in Allison Transmission by 2.0% during the fourth quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock valued at $542,000 after purchasing an additional 107 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its stake in Allison Transmission by 4.6% in the fourth quarter. Kathmere Capital Management LLC now owns 2,643 shares of the auto parts company’s stock valued at $259,000 after purchasing an additional 116 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Citigroup raised their price target on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Wells Fargo & Company lifted their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and an average target price of $127.17.

Allison Transmission Stock Down 3.4%

Allison Transmission stock opened at $120.23 on Friday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 0.67 and a beta of 0.94. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62. The business has a fifty day moving average price of $120.61 and a 200-day moving average price of $114.85.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $2.23 EPS. The firm’s revenue for the quarter was up 83.6% on a year-over-year basis. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.29 dividend. 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 dividend payout ratio (DPR) is currently 18.04%.

Insider Buying and Selling at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Allison Transmission 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.