Allison Transmission Holdings, Inc. (NYSE:ALSN) Stake Decreased by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 12.4% during the first quarter, Holdings Channel.com reports. The fund owned 9,256 shares of the auto parts company’s stock after selling 1,316 shares during the period. Freestone Capital Holdings LLC’s holdings in Allison Transmission were worth $751,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. increased its stake in shares of Allison Transmission by 256.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 426 shares during the period. Quent Capital LLC increased its stake in shares of Allison Transmission by 42.3% during the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 210 shares during the period. TFO Wealth Partners LLC increased its stake in shares of Allison Transmission by 8,975.0% during the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 718 shares during the period. Covestor Ltd grew its position in Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after buying an additional 728 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in Allison Transmission by 237.4% in the fourth quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock worth $65,000 after buying an additional 781 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALSN. Citigroup began coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target on the stock. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday. Raymond James began coverage on shares of Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $75.63.

Insider Buying and Selling

In related news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the transaction, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the transaction, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $150,120.00. Following the completion of the sale, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

ALSN traded up $3.28 during trading on Friday, hitting $87.69. The stock had a trading volume of 895,547 shares, compared to its average volume of 644,828. The firm has a market cap of $7.67 billion, a PE ratio of 11.74, a P/E/G ratio of 1.51 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $88.63. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. The company has a 50 day simple moving average of $76.44 and a 200-day simple moving average of $73.49.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. The firm had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. Analysts expect that Allison Transmission Holdings, Inc. will post 7.69 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently announced 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 was Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.14%. Allison Transmission’s dividend payout ratio (DPR) 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.