Allianz Asset Management GmbH Reduces Stock Position in Allison Transmission Holdings, Inc. $ALSN

Allianz Asset Management GmbH lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 824,511 shares of the auto parts company’s stock after selling 194,168 shares during the period. Allianz Asset Management GmbH’s holdings in Allison Transmission were worth $80,720,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Brandes Investment Partners LP purchased a new stake in shares of Allison Transmission during the fourth quarter worth $46,647,000. Everett Harris & Co. CA raised its position in shares of Allison Transmission by 1.0% in the fourth quarter. Everett Harris & Co. CA now owns 64,532 shares of the auto parts company’s stock worth $6,318,000 after buying an additional 613 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Allison Transmission in the fourth quarter worth $1,901,000. Syon Capital LLC raised its position in shares of Allison Transmission by 71.6% in the fourth quarter. Syon Capital LLC now owns 10,242 shares of the auto parts company’s stock worth $1,003,000 after buying an additional 4,275 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Allison Transmission in the fourth quarter worth $999,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Activity

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.00, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Citigroup increased their price objective on Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Morgan Stanley increased their price objective on Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company increased their price objective on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Oppenheimer increased their price objective on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $120.29.

Allison Transmission Stock Down 3.3%

Shares of NYSE:ALSN opened at $114.03 on Thursday. The stock’s 50-day moving average price is $121.35 and its 200-day moving average price is $112.45. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The stock has a market capitalization of $9.46 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 0.63 and a beta of 0.94. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $2.23 earnings per share. The company’s revenue for the quarter was up 83.6% compared to the same quarter last year. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.96 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.29 dividend. The ex-dividend date 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 presently 18.04%.

Allison Transmission 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.