Allison Transmission Holdings, Inc. $ALSN Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 13.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,162 shares of the auto parts company’s stock after selling 4,886 shares during the period. NewEdge Advisors LLC’s holdings in Allison Transmission were worth $3,531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ALSN. Millstone Evans Group LLC purchased a new position in Allison Transmission during the first quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Allison Transmission in the first quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Allison Transmission in the first quarter valued at approximately $28,000. Larson Financial Group LLC raised its stake in shares of Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after buying an additional 263 shares during the period. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after buying an additional 338 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley raised their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.17.

Allison Transmission Trading Down 1.2%

Shares of ALSN stock opened at $123.45 on Thursday. The stock’s fifty day moving average is $117.63 and its two-hundred day moving average is $118.48. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The firm has a market capitalization of $10.19 billion, a P/E ratio of 19.63, a PEG ratio of 0.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company posted $2.29 EPS. The firm’s quarterly revenue was up 92.4% on a year-over-year basis. Research analysts expect that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be given a dividend of $0.29 per share. The ex-dividend date is Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. Allison Transmission’s payout ratio is presently 18.44%.

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.