Allison Transmission Holdings, Inc. $ALSN Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 10.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 152,682 shares of the auto parts company’s stock after selling 17,451 shares during the period. Hsbc Holdings PLC’s holdings in Allison Transmission were worth $15,012,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Corient Private Wealth LLC grew its position in Allison Transmission by 37.9% in the fourth quarter. Corient Private Wealth LLC now owns 55,561 shares of the auto parts company’s stock worth $5,440,000 after buying an additional 15,267 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Allison Transmission by 6.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 13,005 shares of the auto parts company’s stock valued at $1,276,000 after acquiring an additional 831 shares during the last quarter. Villanova Investment Management Co LLC boosted its stake in shares of Allison Transmission by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock worth $2,554,000 after acquiring an additional 106 shares in the last quarter. Kera Capital Partners Inc. grew its holdings in shares of Allison Transmission by 139.2% in the 4th quarter. Kera Capital Partners Inc. now owns 8,369 shares of the auto parts company’s stock worth $910,000 after acquiring an additional 4,870 shares during the last quarter. Finally, Cambient Family Office LLC acquired a new position in shares of Allison Transmission in the 4th quarter worth $314,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN opened at $114.19 on Wednesday. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. The company has a market capitalization of $9.47 billion, a PE ratio of 17.76, a PEG ratio of 0.63 and a beta of 0.95. The company’s 50 day moving average price is $118.40 and its 200 day moving average price is $115.85.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, May 4th. The auto parts company reported $2.57 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 the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. The business’s quarterly revenue was up 83.6% compared to the same quarter last year. Research analysts expect that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s payout ratio is presently 18.04%.

Insider Activity at Allison Transmission

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following the completion of the sale, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ALSN shares. Zacks Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Wells Fargo & Company upped their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Morgan Stanley raised their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, Citigroup lifted their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission has an average rating of “Moderate Buy” and a consensus target price of $127.17.

Allison Transmission Company 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.