Allison Transmission Holdings, Inc. $ALSN Stake Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,786 shares of the auto parts company’s stock after selling 10,743 shares during the quarter. Bank of New York Mellon Corp’s holdings in Allison Transmission were worth $55,695,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Millstone Evans Group LLC bought a new position in shares of Allison Transmission in the first quarter worth $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Allison Transmission during the first quarter valued at about $27,000. Larson Financial Group LLC raised its stake in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 338 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Allison Transmission in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Activity at Allison Transmission

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Morgan Stanley upped their target price on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Wells Fargo & Company increased their price target on 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 equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.17.

Allison Transmission Price Performance

NYSE ALSN opened at $119.77 on Friday. The stock has a market capitalization of $9.93 billion, a P/E ratio of 18.63, a P/E/G ratio of 0.64 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $137.62. The business’s fifty day moving average is $115.68 and its two-hundred day moving average is $117.17. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion during 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 company’s quarterly revenue was up 83.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.23 EPS. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.91 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

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