Clearbridge Investments LLC lessened its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,469,641 shares of the auto parts company’s stock after selling 30,690 shares during the period. Clearbridge Investments LLC owned 1.04% of Allison Transmission worth $63,297,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of ALSN. Group One Trading L.P. purchased a new position in shares of Allison Transmission during the 3rd quarter worth $105,000. American International Group Inc. purchased a new stake in Allison Transmission in the 4th quarter valued at about $127,000. The Manufacturers Life Insurance Company raised its holdings in Allison Transmission by 12.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after buying an additional 607 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Allison Transmission in the 3rd quarter valued at about $203,000. Finally, CIBC Asset Management Inc purchased a new stake in Allison Transmission in the 4th quarter valued at about $220,000.
In other news, insider David S. Graziosi sold 46,200 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $45.03, for a total transaction of $2,080,386.00. Following the completion of the transaction, the insider now directly owns 240,323 shares of the company’s stock, valued at $10,821,744.69. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James A. Star sold 322,130 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $44.49, for a total value of $14,331,563.70. Following the transaction, the director now directly owns 41,450 shares of the company’s stock, valued at $1,844,110.50. The disclosure for this sale can be found here. Insiders have sold 3,399,429 shares of company stock worth $149,485,666 over the last quarter. Insiders own 7.90% of the company’s stock.
Shares of Allison Transmission Holdings Inc (NYSE ALSN) opened at $38.56 on Wednesday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.15 and a current ratio of 1.52. The stock has a market cap of $5,379.96, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Allison Transmission Holdings Inc has a one year low of $32.93 and a one year high of $45.69.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.89. The company had revenue of $588.00 million for the quarter, compared to analyst estimates of $576.57 million. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share. sell-side analysts anticipate that Allison Transmission Holdings Inc will post 3.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.56%. Allison Transmission’s dividend payout ratio (DPR) is presently 17.60%.
Allison Transmission Company 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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