Allison Transmission Holdings, Inc. $ALSN Stock Position Cut by AdvisorShares Investments LLC

AdvisorShares Investments LLC decreased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 70,821 shares of the auto parts company’s stock after selling 6,366 shares during the period. Allison Transmission comprises approximately 1.5% of AdvisorShares Investments LLC’s holdings, making the stock its 11th largest position. AdvisorShares Investments LLC’s holdings in Allison Transmission were worth $8,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALSN. Larson Financial Group LLC lifted its stake in shares of Allison Transmission by 536.7% in the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 263 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in shares of 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 valued at $35,000 after acquiring an additional 338 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Allison Transmission during the fourth quarter valued at approximately $51,000. Advisory Services Network LLC acquired a new position in shares of Allison Transmission during the third quarter valued at approximately $61,000. Finally, Platinum Investment Management Ltd. bought a new stake in Allison Transmission during the fourth quarter worth approximately $62,000. 96.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction that occurred 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 directly owned 1,053 shares in the company, valued at approximately $131,625. The trade was a 68.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $116.49 on Friday. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62. The firm has a 50-day moving average of $119.22 and a two-hundred day moving average of $115.50. The firm has a market capitalization of $9.66 billion, a PE ratio of 18.12, a P/E/G ratio of 0.63 and a beta of 0.95. 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 released its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $2.23 earnings per share. The firm’s quarterly revenue was up 83.6% compared to the same quarter last year. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 9.86 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. Investors of record on Monday, May 18th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is currently 18.04%.

Analyst Ratings Changes

A number of research firms have weighed in on ALSN. Wells Fargo & Company upped their target price 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. Zacks Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating in a research 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. Citigroup upped their price objective on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Morgan Stanley raised 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 report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.17.

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.