Allison Transmission Holdings, Inc. $ALSN Stake Reduced by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension cut its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 13.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 214,917 shares of the auto parts company’s stock after selling 33,258 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Allison Transmission were worth $25,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in ALSN. Fuller & Thaler Asset Management Inc. lifted its position in Allison Transmission by 16.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock valued at $324,407,000 after purchasing an additional 466,366 shares during the last quarter. Boston Partners grew its position in Allison Transmission by 13.6% in the 4th quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock worth $226,879,000 after purchasing an additional 277,811 shares during the last quarter. Bank of Montreal Can grew its position in Allison Transmission by 4,032.3% in the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after purchasing an additional 2,099,797 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Allison Transmission by 18.9% in the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after purchasing an additional 304,974 shares during the period. Finally, State Street Corp raised its holdings in shares of Allison Transmission by 1.1% during the second quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock valued at $156,951,000 after buying an additional 17,783 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insider Activity at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction on Friday, May 8th. The stock was 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 approximately $131,625. The trade was a 68.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Citigroup upped their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Morgan Stanley increased their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company raised their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.17.

Allison Transmission Stock Performance

Allison Transmission stock opened at $114.23 on Monday. The firm’s 50 day simple moving average is $117.35 and its 200-day simple moving average is $116.14. The company has a market cap of $9.47 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. 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 Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The firm’s quarterly revenue was up 83.6% on a year-over-year basis. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current year.

Allison Transmission Announces Dividend

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

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.