Oak Thistle LLC Sells 11,650 Shares of Allison Transmission Holdings, Inc. $ALSN

Oak Thistle LLC cut its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 34.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,248 shares of the auto parts company’s stock after selling 11,650 shares during the quarter. Oak Thistle LLC’s holdings in Allison Transmission were worth $1,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aaron Wealth Advisors LLC lifted its position in Allison Transmission by 547.8% during the third quarter. Aaron Wealth Advisors LLC now owns 16,441 shares of the auto parts company’s stock valued at $1,396,000 after buying an additional 13,903 shares during the period. Corient Private Wealth LLC lifted its stake in Allison Transmission by 9.1% during the 2nd quarter. Corient Private Wealth LLC now owns 38,017 shares of the auto parts company’s stock valued at $3,611,000 after acquiring an additional 3,166 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in Allison Transmission in the second quarter worth approximately $1,406,000. Coppell Advisory Solutions LLC boosted its stake in shares of Allison Transmission by 82.1% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 39,148 shares of the auto parts company’s stock worth $3,706,000 after buying an additional 17,651 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of Allison Transmission by 9.5% during the 2nd quarter. State of Wyoming now owns 3,401 shares of the auto parts company’s stock valued at $323,000 after purchasing an additional 294 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

ALSN stock opened at $98.27 on Thursday. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 12.04 and a beta of 0.99. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $121.81. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82. The firm has a 50-day simple moving average of $85.84 and a two-hundred day simple moving average of $89.02.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $779.97 million. During the same period in the previous year, the company posted $2.27 earnings per share. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 21st. Allison Transmission’s payout ratio is currently 13.24%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Wells Fargo & Company assumed coverage on Allison Transmission in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price objective on the stock. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. decreased their price target on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Raymond James Financial raised shares of Allison Transmission from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $105.00 to $110.00 in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average price target of $93.88.

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.