Kennedy Capital Management LLC Decreases Stock Position in Allison Transmission Holdings, Inc. $ALSN

Kennedy Capital Management LLC lessened its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 88,582 shares of the auto parts company’s stock after selling 21,092 shares during the quarter. Kennedy Capital Management LLC’s holdings in Allison Transmission were worth $8,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALSN. Rossby Financial LCC increased its holdings 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 valued at $25,000 after purchasing an additional 153 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 338 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $51,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Allison Transmission in the third quarter valued at approximately $61,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction on Friday, May 8th. The stock was 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 approximately $131,625. The trade was a 68.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ALSN shares. Citigroup increased their price target on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Oppenheimer increased their price target on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Morgan Stanley raised their target price on Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Zacks Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $120.29.

Allison Transmission Price Performance

ALSN stock opened at $117.40 on Monday. The business has a fifty day moving average of $121.29 and a two-hundred day moving average of $112.90. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.63 and a beta of 0.94. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share 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 business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm posted $2.23 earnings per share. The company’s revenue was up 83.6% on a year-over-year basis. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.96 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.0%. Allison Transmission’s payout ratio is presently 18.04%.

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.