Alliancebernstein L.P. decreased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 63.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,485 shares of the auto parts company’s stock after selling 113,745 shares during the period. Alliancebernstein L.P.’s holdings in Allison Transmission were worth $2,674,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Seizert Capital Partners LLC lifted its position in shares of Allison Transmission by 7.2% in the first quarter. Seizert Capital Partners LLC now owns 1,045,513 shares of the auto parts company’s stock worth $42,688,000 after buying an additional 69,899 shares during the last quarter. Dean Investment Associates LLC increased its stake in Allison Transmission by 22.9% during the first quarter. Dean Investment Associates LLC now owns 32,969 shares of the auto parts company’s stock valued at $1,346,000 after acquiring an additional 6,151 shares during the period. Daiwa Securities Group Inc. increased its stake in Allison Transmission by 4.6% during the first quarter. Daiwa Securities Group Inc. now owns 54,200 shares of the auto parts company’s stock valued at $2,213,000 after acquiring an additional 2,400 shares during the period. Exane Derivatives bought a new position in Allison Transmission during the first quarter valued at about $47,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Allison Transmission by 16.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 24,795 shares of the auto parts company’s stock valued at $1,008,000 after acquiring an additional 3,495 shares during the period.
Shares of NYSE:ALSN opened at $41.45 on Friday. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.51 and a beta of 1.19. The business’s fifty day simple moving average is $43.22. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 3.28. Allison Transmission Holdings, Inc. has a 52 week low of $31.69 and a 52 week high of $46.40.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, May 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.83%. Allison Transmission’s dividend payout ratio is currently 29.01%.
Several brokerages have recently commented on ALSN. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on Allison Transmission from $44.00 to $46.00 in a report on Tuesday, March 16th. Morgan Stanley upped their price objective on shares of Allison Transmission from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, May 3rd. The Goldman Sachs Group cut Allison Transmission from a “buy” rating to a “sell” rating and lowered their target price for the stock from $47.00 to $42.00 in a report on Monday, May 31st. Citigroup raised their price objective on shares of Allison Transmission from $44.00 to $46.00 in a research report on Tuesday, March 16th. Finally, Raymond James reissued a “market perform” rating on shares of Allison Transmission in a research note on Tuesday, April 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.30.
About Allison Transmission
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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