Oak Thistle LLC Reduces Stake in Allison Transmission Holdings, Inc. $ALSN

Oak Thistle LLC lowered its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 34.4% during the third quarter, Holdings Channel reports. The fund owned 22,248 shares of the auto parts company’s stock after selling 11,650 shares during the quarter. Oak Thistle LLC’s holdings in Allison Transmission were worth $1,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALSN. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Allison Transmission by 109.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock valued at $88,919,000 after purchasing an additional 484,916 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Allison Transmission by 9.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 331,614 shares of the auto parts company’s stock worth $31,726,000 after purchasing an additional 27,384 shares during the last quarter. Signaturefd LLC lifted its position in shares of Allison Transmission by 38.7% in the second quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock valued at $81,000 after acquiring an additional 238 shares in the last quarter. Mackenzie Financial Corp raised its stake in Allison Transmission by 2,937.4% in the 2nd quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company’s stock valued at $17,606,000 after purchasing an additional 179,243 shares during the last quarter. Finally, Arcus Capital Partners LLC acquired a new stake in shares of Allison Transmission in the second quarter valued at about $381,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Down 0.4%

ALSN opened at $98.27 on Thursday. The stock has a market capitalization of $8.18 billion, a P/E ratio of 12.04 and a beta of 0.99. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $121.81. The business’s 50-day simple moving average is $85.84 and its 200-day simple moving average is $89.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The firm had revenue of $693.00 million during the quarter, compared to analyst estimates of $779.97 million. During the same period in the previous year, the company posted $2.27 earnings per share. Allison Transmission’s revenue was down 15.9% compared to the same quarter last year. Analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 annualized dividend and a yield of 1.1%. Allison Transmission’s dividend payout ratio is currently 13.24%.

Analyst Ratings Changes

A number of equities analysts recently commented on ALSN shares. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Raymond James Financial upgraded shares of Allison Transmission from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $105.00 to $110.00 in a report on Monday, December 8th. Citigroup raised their target price on Allison Transmission from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company started coverage on Allison Transmission in a research report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $93.88.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.