London Co. of Virginia Has $190.27 Million Stake in Allison Transmission Holdings, Inc. $ALSN

London Co. of Virginia reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,241,678 shares of the auto parts company’s stock after selling 108,893 shares during the quarter. London Co. of Virginia owned approximately 2.69% of Allison Transmission worth $190,274,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ALSN. Boston Partners boosted its position in Allison Transmission by 117.6% during the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after acquiring an additional 1,101,824 shares during the last quarter. Norges Bank bought a new position in shares of Allison Transmission in the 2nd quarter worth about $100,347,000. Qube Research & Technologies Ltd raised its position in shares of Allison Transmission by 128.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after acquiring an additional 683,035 shares in the last quarter. UBS Group AG lifted its stake in shares of Allison Transmission by 222.2% in the 3rd quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock valued at $81,531,000 after purchasing an additional 662,458 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Allison Transmission by 35.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after purchasing an additional 406,540 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on ALSN. Wells Fargo & Company raised their target price on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. Morgan Stanley increased their price target on Allison Transmission from $109.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday. Citigroup raised their price objective on shares of Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, Raymond James Financial boosted their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus price target of $112.00.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $113.39 on Tuesday. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 0.74 and a beta of 0.96. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $128.85. The firm’s 50-day simple moving average is $114.02 and its 200 day simple moving average is $97.29.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be issued a $0.29 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, March 9th. Allison Transmission’s dividend payout ratio is 15.83%.

Insider Activity at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,313 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider owned 17,654 shares in the company, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 1,791 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by insiders.

Allison Transmission Company 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.