QS Investors LLC lowered its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,027 shares of the auto parts company’s stock after selling 6,510 shares during the period. QS Investors LLC owned 0.06% of Allison Transmission worth $3,791,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brandywine Global Investment Management LLC raised its position in Allison Transmission by 625.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 154,602 shares of the auto parts company’s stock valued at $6,659,000 after purchasing an additional 133,296 shares during the period. Caxton Associates LP raised its position in Allison Transmission by 14.6% in the fourth quarter. Caxton Associates LP now owns 16,500 shares of the auto parts company’s stock valued at $711,000 after purchasing an additional 2,100 shares during the period. Quantitative Investment Management LLC raised its position in Allison Transmission by 134.5% in the fourth quarter. Quantitative Investment Management LLC now owns 157,600 shares of the auto parts company’s stock valued at $6,787,000 after purchasing an additional 90,400 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in Allison Transmission in the fourth quarter valued at $2,663,000. Finally, MANA Advisors LLC purchased a new stake in Allison Transmission in the fourth quarter valued at $315,000.
ALSN has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 price objective on the stock. in a report on Friday, February 16th. Stifel Nicolaus upgraded Allison Transmission from a “hold” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $50.00 in a report on Friday, February 16th. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, February 6th. William Blair reiterated a “buy” rating on shares of Allison Transmission in a report on Tuesday, February 13th. Finally, Royal Bank of Canada downgraded Allison Transmission from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $46.00 to $50.00 in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Allison Transmission currently has a consensus rating of “Hold” and an average price target of $43.82.
In other news, VP Eric C. Scroggins sold 4,330 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $44.00, for a total transaction of $190,520.00. Following the completion of the transaction, the vice president now directly owns 20,310 shares of the company’s stock, valued at approximately $893,640. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David S. Graziosi sold 46,200 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $45.03, for a total value of $2,080,386.00. Following the transaction, the insider now directly owns 240,323 shares of the company’s stock, valued at $10,821,744.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,882,927 shares of company stock valued at $127,284,644. Insiders own 7.90% of the company’s stock.
Shares of ALSN stock opened at $37.45 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.15 and a debt-to-equity ratio of 3.68. Allison Transmission Holdings Inc has a 1-year low of $32.93 and a 1-year high of $45.69. The firm has a market capitalization of $5,318.33, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share for the quarter, topping 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 company had revenue of $588.00 million for the quarter, compared to the consensus estimate of $576.57 million. During the same quarter in the prior year, the business earned $0.36 EPS. Allison Transmission’s revenue was up 25.4% on a year-over-year basis. equities analysts expect that Allison Transmission Holdings Inc will post 3.44 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders 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 1.60%. Allison Transmission’s dividend payout ratio is currently 17.60%.
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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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