Rhumbline Advisers decreased its stake in Allison Transmission Holdings Inc (NYSE:ALSN) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,890 shares of the auto parts company’s stock after selling 6,947 shares during the period. Rhumbline Advisers owned about 0.10% of Allison Transmission worth $6,197,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of ALSN. Bank of New York Mellon Corp increased its stake in shares of Allison Transmission by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 850,469 shares of the auto parts company’s stock worth $31,918,000 after purchasing an additional 18,797 shares in the last quarter. Strategic Global Advisors LLC purchased a new position in shares of Allison Transmission in the third quarter worth about $298,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Allison Transmission by 35.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the auto parts company’s stock valued at $352,000 after acquiring an additional 2,139 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Allison Transmission by 257.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,011 shares of the auto parts company’s stock valued at $647,000 after acquiring an additional 10,811 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Allison Transmission by 0.4% during the third quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock valued at $102,554,000 after acquiring an additional 10,476 shares in the last quarter.
In other news, Director James A. Star sold 135,460 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $44.50, for a total value of $6,027,970.00. Following the completion of the sale, the director now directly owns 41,450 shares in the company, valued at $1,844,525. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Star sold 322,130 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $44.49, for a total value of $14,331,563.70. Following the sale, the director now owns 41,450 shares of the company’s stock, valued at $1,844,110.50. The disclosure for this sale can be found here. Insiders have sold 3,399,429 shares of company stock valued at $149,485,666 in the last ninety days. Corporate insiders own 7.90% of the company’s stock.
ALSN has been the subject of a number of recent research reports. Piper Jaffray Companies set a $26.00 price objective on shares of Allison Transmission and gave the stock a “sell” rating in a report on Friday, November 17th. ValuEngine downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Royal Bank of Canada downgraded shares of Allison Transmission from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $46.00 to $50.00 in a research report on Friday, February 16th. JPMorgan Chase & Co. downgraded shares of Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 target price on the stock. in a research report on Friday, February 16th. Finally, Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.82.
Allison Transmission Holdings Inc (NYSE ALSN) traded down $0.46 during trading hours on Wednesday, hitting $38.10. The stock had a trading volume of 440,022 shares, compared to its average volume of 1,418,561. The company has a market capitalization of $5,450.00, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.15 and a current ratio of 1.52. Allison Transmission Holdings Inc has a fifty-two week low of $32.93 and a fifty-two week high of $45.69.
Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.62 by $0.89. Allison Transmission had a return on equity of 60.52% and a net margin of 22.28%. The firm had revenue of $588.00 million for the quarter, compared to analyst estimates of $576.57 million. During the same quarter last year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. analysts forecast that Allison Transmission Holdings Inc will post 3.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, February 16th. Allison Transmission’s dividend payout ratio (DPR) is 25.53%.
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Allison Transmission Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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