Allison Transmission Holdings, Inc. $ALSN Holdings Decreased by Vest Financial LLC

Vest Financial LLC lessened its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 173,430 shares of the auto parts company’s stock after selling 7,760 shares during the period. Vest Financial LLC owned 0.21% of Allison Transmission worth $19,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ALSN. BlackRock Inc. acquired a new position in Allison Transmission in the second quarter valued at $448,232,000. First Trust Advisors LP grew its holdings in Allison Transmission by 85.2% during the 1st 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 during the period. Wasatch Advisors LP grew its holdings in Allison Transmission by 105.7% during the 2nd 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 during the period. Stockbridge Partners LLC acquired a new stake in Allison Transmission during the 2nd quarter worth about $169,108,000. Finally, Bank of America Corp DE raised its position 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 in the last quarter. Institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ALSN shares. JPMorgan Chase & Co. dropped their price objective on Allison Transmission from $145.00 to $142.00 and set a “neutral” rating on the stock in a research note on Thursday, October 8th. Freedom Broker began coverage on Allison Transmission in a research report on Friday, October 2nd. They set a “buy” rating and a $144.00 target price on the stock. Wells Fargo & Company decreased their target price on Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating for the company in a research note on Thursday, October 8th. Citigroup upgraded Allison Transmission from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a report on Monday, October 12th. Finally, Morgan Stanley boosted their price target on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.57.

Insider Activity

In other news, insider Eric Scroggins sold 1,050 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares in the company, valued at $2,075,500. This trade represents a 5.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David Graziosi sold 26,708 shares of the business’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 $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 1.4%

Shares of NYSE ALSN opened at $109.38 on Friday. The firm has a market cap of $9.03 billion, a PE ratio of 12.85, a P/E/G ratio of 0.58 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The company’s fifty day simple moving average is $120.10 and its 200 day simple moving average is $119.90. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 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 business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company posted $2.29 earnings per share. The business’s quarterly revenue was up 92.4% on a year-over-year basis. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 10.25 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders 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 is 18.44%.

Allison Transmission 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.