Burney Co. Has $25.32 Million Stake in Allison Transmission Holdings, Inc. $ALSN

Burney Co. trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 30.4% during the 1st quarter, HoldingsChannel reports. The firm owned 216,320 shares of the auto parts company’s stock after selling 94,486 shares during the quarter. Allison Transmission accounts for 0.8% of Burney Co.’s investment portfolio, making the stock its 17th biggest holding. Burney Co.’s holdings in Allison Transmission were worth $25,322,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ALSN. Caprock Group LLC increased its holdings in shares of Allison Transmission by 191.5% in the 4th quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company’s stock valued at $2,550,000 after purchasing an additional 17,114 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Allison Transmission by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock worth $27,903,000 after purchasing an additional 14,445 shares during the period. UBS Group AG boosted its holdings in shares of Allison Transmission by 30.4% during the fourth quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock worth $122,590,000 after purchasing an additional 291,649 shares during the period. SG Americas Securities LLC grew its position in Allison Transmission by 109.9% during the fourth quarter. SG Americas Securities LLC now owns 17,014 shares of the auto parts company’s stock valued at $1,666,000 after purchasing an additional 8,910 shares in the last quarter. Finally, Systematic Financial Management LP grew its position in Allison Transmission by 52.2% during the fourth quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock valued at $2,896,000 after purchasing an additional 10,145 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALSN. Morgan Stanley upped their price objective on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Citigroup lifted their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wells Fargo & Company upped their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.17.

Insider Activity at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the transaction, the chief financial officer owned 1,053 shares in the company, valued at $131,625. This represents a 68.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Up 0.2%

Shares of Allison Transmission stock opened at $116.55 on Tuesday. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 0.63 and a beta of 0.95. The stock has a 50-day simple moving average of $118.83 and a 200-day simple moving average of $115.74. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm’s revenue was up 83.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.23 earnings per share. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.86 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s payout ratio is currently 18.04%.

Allison Transmission Company Profile

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.