Keeley Teton Advisors LLC Decreases Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Keeley Teton Advisors LLC lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,776 shares of the auto parts company’s stock after selling 821 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Allison Transmission were worth $2,417,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. raised its position 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 buying an additional 426 shares in the last quarter. Quent Capital LLC raised its stake in Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. TFO Wealth Partners LLC raised its stake in shares of 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 valued at $42,000 after buying an additional 718 shares in the last quarter. Covestor Ltd grew its holdings in shares of Allison Transmission by 307.2% in the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after purchasing an additional 728 shares during the last quarter. Finally, Headlands Technologies LLC grew 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 purchasing an additional 781 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on ALSN. Citigroup began coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price on the stock. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Robert W. Baird upped their target price on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $75.63.

Allison Transmission Stock Up 4.0 %

NYSE ALSN traded up $3.35 on Friday, reaching $87.76. 1,466,939 shares of the stock traded hands, compared to its average volume of 615,005. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $88.63. The company has a fifty day moving average price of $76.69 and a 200-day moving average price of $73.69. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.55 and a beta of 1.00. 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 results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 54.59% and a net margin of 21.95%. The company had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter in the prior year, the firm posted $1.92 EPS. Allison Transmission’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 7.69 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, May 17th. Allison Transmission’s payout ratio is currently 13.35%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction that occurred 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 owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Rafael Basso sold 12,624 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the transaction, 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. 1.10% of the stock is owned by insiders.

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.