PNC Financial Services Group Inc. increased its stake in shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) by 26.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 25,790 shares of the company’s stock after buying an additional 5,331 shares during the period. PNC Financial Services Group Inc.’s holdings in Allison Transmission Holdings were worth $727,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Allison Transmission Holdings during the second quarter valued at approximately $177,000. Societe Generale acquired a new stake in shares of Allison Transmission Holdings during the second quarter valued at approximately $177,000. Northern Capital Management LLC acquired a new stake in shares of Allison Transmission Holdings during the second quarter valued at approximately $208,000. Parametrica Management Ltd acquired a new stake in shares of Allison Transmission Holdings during the second quarter valued at approximately $330,000. Finally, LMR Partners LLP acquired a new stake in shares of Allison Transmission Holdings during the second quarter valued at approximately $336,000.

Allison Transmission Holdings Inc (NASDAQ:ALSN) traded up 0.40% on Tuesday, hitting $27.39. 763,178 shares of the stock traded hands. Allison Transmission Holdings Inc has a 52 week low of $20.56 and a 52 week high of $30.52. The stock has a 50 day moving average of $27.85 and a 200 day moving average of $27.73. The firm has a market capitalization of $4.59 billion and a PE ratio of 27.95.

Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.28. The firm had revenue of $475 million for the quarter, compared to the consensus estimate of $475.26 million. During the same period in the previous year, the business posted $0.30 EPS. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts anticipate that Allison Transmission Holdings Inc will post $1.10 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Monday, August 22nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Thursday, August 18th.

Several equities research analysts have commented on ALSN shares. Stifel Nicolaus cut shares of Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research report on Monday, June 13th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Deutsche Bank AG started coverage on shares of Allison Transmission Holdings in a research report on Tuesday, September 6th. They set a “hold” rating and a $30.00 price target on the stock. Credit Suisse Group AG reissued a “focus list” rating and set a $32.00 price target on shares of Allison Transmission Holdings in a research report on Wednesday, September 7th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $30.00 price target (up from $28.00) on shares of Allison Transmission Holdings in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

In other Allison Transmission Holdings news, VP Sharon L. Dean sold 5,500 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $28.15, for a total value of $154,825.00. Following the completion of the sale, the vice president now directly owns 7,906 shares in the company, valued at $222,553.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Randall R. Kirk sold 93,210 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $27.87, for a total transaction of $2,597,762.70. Following the completion of the sale, the senior vice president now owns 49,693 shares of the company’s stock, valued at $1,384,943.91. The disclosure for this sale can be found here.

Allison Transmission Holdings Company Profile

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