Allison Transmission Holdings, Inc. $ALSN Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC decreased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 13.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,162 shares of the auto parts company’s stock after selling 4,886 shares during the quarter. NewEdge Advisors LLC’s holdings in Allison Transmission were worth $3,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of Montreal Can lifted its stake in shares of Allison Transmission by 4,032.3% during the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after buying an additional 2,099,797 shares during the period. Norges Bank purchased a new position in Allison Transmission in the 4th quarter worth $115,674,000. Boston Partners raised its stake in Allison Transmission by 117.6% in the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after acquiring an additional 1,101,824 shares during the last quarter. First Trust Advisors LP lifted its position in Allison Transmission by 85.2% during the 1st quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock worth $237,234,000 after acquiring an additional 932,201 shares during the period. Finally, Millennium Management LLC lifted its position in Allison Transmission by 191.7% during the 4th quarter. Millennium Management LLC now owns 1,257,353 shares of the auto parts company’s stock worth $123,095,000 after acquiring an additional 826,352 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ALSN. Citigroup cut their price objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Wells Fargo & Company raised their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley lifted their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $123.45 on Thursday. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The stock has a market cap of $10.19 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 0.67 and a beta of 0.95. The business has a 50-day simple moving average of $117.63 and a 200-day simple moving average of $118.48.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $2.29 earnings per share. Allison Transmission’s revenue for the quarter was up 92.4% compared to the same quarter last year. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

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.