Jefferies Group LLC trimmed its holdings in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,737 shares of the auto parts company’s stock after selling 5,893 shares during the period. Jefferies Group LLC’s holdings in Allison Transmission were worth $3,004,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Allison Transmission by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after buying an additional 607 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Allison Transmission by 14.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 9,435 shares of the auto parts company’s stock worth $354,000 after buying an additional 1,190 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Allison Transmission by 2.0% during the 4th quarter. First Trust Advisors LP now owns 76,528 shares of the auto parts company’s stock worth $3,296,000 after buying an additional 1,474 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Allison Transmission by 5.5% during the 4th quarter. Aperio Group LLC now owns 30,413 shares of the auto parts company’s stock worth $1,310,000 after buying an additional 1,573 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Allison Transmission by 22.3% during the 3rd quarter. SG Americas Securities LLC now owns 9,735 shares of the auto parts company’s stock worth $365,000 after buying an additional 1,778 shares during the last quarter.
A number of research firms have recently commented on ALSN. Bank of America set a $52.00 price objective on shares of Allison Transmission and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Stifel Nicolaus upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $50.00 in a research note on Friday, February 16th. Zacks Investment Research downgraded shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, William Blair restated a “buy” rating on shares of Allison Transmission in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.82.
Allison Transmission (NYSE:ALSN) last issued its earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.89. The company had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $576.57 million. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. Allison Transmission’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. analysts predict that Allison Transmission Holdings Inc will post 3.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th were issued a $0.15 dividend. The ex-dividend date was Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. Allison Transmission’s payout ratio is 17.60%.
In other Allison Transmission news, insider David S. Graziosi sold 58,800 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $42.51, for a total value of $2,499,588.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael Dick sold 4,400 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $42.03, for a total transaction of $184,932.00. Following the completion of the transaction, the senior vice president now directly owns 39,131 shares in the company, valued at $1,644,675.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,405,629 shares of company stock worth $149,746,270. 7.90% of the stock is owned by insiders.
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About Allison Transmission
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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