Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Triad Investment Management

Triad Investment Management decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSNGet Rating) by 20.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,359 shares of the auto parts company’s stock after selling 19,031 shares during the quarter. Allison Transmission comprises about 4.1% of Triad Investment Management’s holdings, making the stock its 5th largest position. Triad Investment Management owned 0.07% of Allison Transmission worth $2,782,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ALSN. Xponance Inc. grew its holdings in Allison Transmission by 3.5% in the 1st quarter. Xponance Inc. now owns 9,620 shares of the auto parts company’s stock valued at $378,000 after buying an additional 325 shares during the period. Rhumbline Advisers boosted its holdings in Allison Transmission by 0.4% in the 4th quarter. Rhumbline Advisers now owns 100,989 shares of the auto parts company’s stock worth $3,671,000 after acquiring an additional 370 shares during the period. Kestra Advisory Services LLC boosted its holdings in Allison Transmission by 6.0% in the 1st quarter. Kestra Advisory Services LLC now owns 6,538 shares of the auto parts company’s stock worth $257,000 after acquiring an additional 371 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in Allison Transmission by 1.3% in the 1st quarter. Cornercap Investment Counsel Inc. now owns 33,617 shares of the auto parts company’s stock worth $1,320,000 after acquiring an additional 447 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Allison Transmission by 1.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 38,200 shares of the auto parts company’s stock worth $1,500,000 after acquiring an additional 610 shares during the period.

Allison Transmission Stock Performance

Shares of ALSN stock traded down $1.07 on Friday, hitting $33.44. 876,060 shares of the stock traded hands, compared to its average volume of 849,696. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.77 and a quick ratio of 1.25. The company has a market capitalization of $3.22 billion, a PE ratio of 7.23, a PEG ratio of 1.00 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 1-year low of $32.55 and a 1-year high of $42.00. The company’s fifty day moving average is $37.77 and its 200 day moving average is $38.20.

Allison Transmission (NYSE:ALSNGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The auto parts company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.09). The firm had revenue of $664.00 million for the quarter, compared to analyst estimates of $698.73 million. Allison Transmission had a net margin of 18.14% and a return on equity of 66.88%. During the same period in the prior year, the company posted $1.01 earnings per share. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 5 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.51%. The ex-dividend date was Friday, August 19th. Allison Transmission’s dividend payout ratio is presently 18.26%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALSN. Credit Suisse Group upped their target price on Allison Transmission from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. cut their target price on Allison Transmission from $41.00 to $39.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. TheStreet raised Allison Transmission from a “c+” rating to a “b-” rating in a research report on Thursday, June 9th. Finally, Citigroup upped their target price on Allison Transmission to $41.00 in a research report on Monday, August 15th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.80.

Allison Transmission Company Profile

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Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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