Soltis Investment Advisors LLC Sells 6,559 Shares of Allison Transmission Holdings, Inc. $ALSN

Soltis Investment Advisors LLC lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 16.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,408 shares of the auto parts company’s stock after selling 6,559 shares during the period. Soltis Investment Advisors LLC’s holdings in Allison Transmission were worth $3,271,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ALSN. Rossby Financial LCC lifted its position in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 153 shares in the last quarter. First Horizon Corp bought a new stake in shares of Allison Transmission in the third quarter worth $40,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Allison Transmission in the fourth quarter worth $51,000. Advisory Services Network LLC bought a new stake in shares of Allison Transmission in the third quarter worth $61,000. Finally, Wolverine Asset Management LLC lifted its position in shares of Allison Transmission by 120.4% in the fourth quarter. Wolverine Asset Management LLC now owns 695 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 4,100 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Activity

In related news, insider Eric C. Scroggins sold 1,313 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider owned 17,654 shares of the company’s stock, valued at $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Scott A. Mell sold 2,270 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. This represents a 68.31% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Trading Down 4.4%

ALSN stock opened at $116.98 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.17 and a current ratio of 1.85. The company’s 50-day simple moving average is $121.89 and its 200 day simple moving average is $108.23. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a market capitalization of $9.70 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $2.23 earnings per share. Allison Transmission’s revenue was up 83.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.86 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be paid a $0.29 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio is 18.04%.

Analyst Ratings Changes

ALSN has been the topic of a number of research reports. Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Wells Fargo & Company boosted their price objective 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. Oppenheimer boosted their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Finally, Citigroup boosted their price objective 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 investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and a consensus target price of $116.50.

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.