QS Investors LLC trimmed its position in Allison Transmission Holdings Inc (NYSE:ALSN) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,027 shares of the auto parts company’s stock after selling 6,510 shares during the quarter. QS Investors LLC owned about 0.06% of Allison Transmission worth $3,791,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of ALSN. The Manufacturers Life Insurance Company increased its holdings in shares of Allison Transmission by 12.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 607 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Allison Transmission by 1,430.1% in the third quarter. American Century Companies Inc. now owns 268,707 shares of the auto parts company’s stock worth $10,085,000 after purchasing an additional 251,146 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Allison Transmission in the third quarter worth about $510,000. BNP Paribas Arbitrage SA grew its position in Allison Transmission by 97.6% in the third quarter. BNP Paribas Arbitrage SA now owns 115,702 shares of the auto parts company’s stock worth $4,342,000 after acquiring an additional 57,148 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Allison Transmission by 6.3% in the third quarter. New York State Common Retirement Fund now owns 308,200 shares of the auto parts company’s stock worth $11,567,000 after acquiring an additional 18,200 shares in the last quarter.
Allison Transmission Holdings Inc (NYSE:ALSN) opened at $39.01 on Friday. Allison Transmission Holdings Inc has a 12-month low of $32.93 and a 12-month high of $45.69. The stock has a market capitalization of $5,398.17, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.15 and a current ratio of 1.52.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.89. Allison Transmission had a return on equity of 60.52% and a net margin of 22.28%. The business had revenue of $588.00 million during the quarter, compared to analyst estimates of $576.57 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. equities research analysts forecast that Allison Transmission Holdings Inc will post 3.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. Allison Transmission’s dividend payout ratio (DPR) is presently 17.60%.
Several research firms recently commented on ALSN. Zacks Investment Research lowered Allison Transmission from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Bank of America lowered Allison Transmission from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $52.00 to $48.00 in a research report on Thursday, February 8th. William Blair reiterated a “buy” rating on shares of Allison Transmission in a research report on Tuesday, February 13th. Stifel Nicolaus set a $44.00 price target on Allison Transmission and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Piper Jaffray Companies set a $26.00 price target on Allison Transmission and gave the stock a “sell” rating in a research report on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $43.82.
In other Allison Transmission news, SVP Michael Dick sold 19,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $42.47, for a total transaction of $832,412.00. Following the completion of the transaction, the senior vice president now owns 39,131 shares in the company, valued at $1,661,893.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David S. Graziosi sold 46,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.03, for a total value of $2,080,386.00. Following the transaction, the insider now owns 240,323 shares of the company’s stock, valued at approximately $10,821,744.69. The disclosure for this sale can be found here. Insiders have sold 3,399,429 shares of company stock valued at $149,485,666 in the last 90 days. Company insiders own 7.90% of the company’s stock.
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Allison Transmission Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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