Assenagon Asset Management S.A. Lowers Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Assenagon Asset Management S.A. reduced its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 188,969 shares of the auto parts company’s stock after selling 15,901 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Allison Transmission were worth $18,500,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Rossby Financial LCC grew its holdings in Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Allison Transmission during the 2nd quarter worth about $38,000. True Wealth Design LLC boosted its position in shares of Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 218 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Allison Transmission in the third quarter worth approximately $40,000. Finally, SJS Investment Consulting Inc. grew its holdings in Allison Transmission by 4,716.7% in the third quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 566 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Eric C. Scroggins sold 1,313 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider directly owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 1,791 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the sale, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Allison Transmission Trading Down 2.2%

NYSE ALSN opened at $116.31 on Friday. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $128.85. The company’s 50 day moving average price is $115.62 and its 200 day moving average price is $98.64. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.78 and a beta of 0.96.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 9th. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is currently 15.83%.

Analyst Upgrades and Downgrades

ALSN has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. Oppenheimer upped their price objective on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Wells Fargo & Company increased their target price on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Finally, Citigroup lifted their target price on Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.00.

About Allison Transmission

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.