Rehmann Capital Advisory Group Reduces Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Rehmann Capital Advisory Group cut its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 12.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,106 shares of the auto parts company’s stock after selling 1,291 shares during the period. Rehmann Capital Advisory Group’s holdings in Allison Transmission were worth $739,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. SRS Capital Advisors Inc. lifted its holdings in shares of Allison Transmission by 256.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 426 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. TFO Wealth Partners LLC lifted its position in Allison Transmission by 8,975.0% in the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after buying an additional 718 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Allison Transmission by 237.4% in the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 781 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 212 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the sale, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the sale, the vice president now directly owns 4,624 shares in the company, valued at approximately $344,395.52. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALSN. Citigroup assumed coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price on the stock. Oppenheimer boosted their target price on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. The Goldman Sachs Group boosted their price objective on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $75.25.

Allison Transmission Stock Performance

ALSN stock traded up $0.70 during trading on Wednesday, reaching $75.00. The company had a trading volume of 144,561 shares, compared to its average volume of 634,918. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $83.42. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 1.38 and a beta of 1.00. The firm has a 50-day simple moving average of $74.88 and a 200-day simple moving average of $71.55. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $772.37 million. During the same quarter in the previous year, the company earned $1.85 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 7.65 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Allison Transmission’s dividend payout ratio is presently 13.35%.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.