Allison Transmission Holdings, Inc. $ALSN Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC decreased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,113 shares of the auto parts company’s stock after selling 4,601 shares during the period. Orion Porfolio Solutions LLC’s holdings in Allison Transmission were worth $3,405,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rossby Financial LCC raised its holdings in shares of Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares during the period. Employees Retirement System of Texas purchased a new position in Allison Transmission in the 2nd quarter worth approximately $38,000. True Wealth Design LLC grew its position in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Allison Transmission during the third quarter valued at approximately $40,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of Allison Transmission by 4,716.7% during the third quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 566 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Up 0.0%

Shares of NYSE:ALSN opened at $116.95 on Tuesday. The firm has a market cap of $9.68 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. The company has a fifty day simple moving average of $112.52 and a 200 day simple moving average of $96.42. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $128.85.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.16 annualized dividend and a yield of 1.0%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio (DPR) is 14.73%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ALSN. Wells Fargo & Company upped their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Morgan Stanley lifted their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Oppenheimer boosted their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Citigroup raised their target price on Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and an average target price of $111.11.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the sale, the senior vice president owned 10,021 shares in the company, valued at approximately $989,974.59. This represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% 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.