Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,670 shares of the auto parts company’s stock after acquiring an additional 1,203 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Allison Transmission were worth $562,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Allison Transmission by 97.3% during the third quarter. Commonwealth Equity Services LLC now owns 18,184 shares of the auto parts company’s stock worth $1,074,000 after purchasing an additional 8,969 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Allison Transmission by 20.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,615 shares of the auto parts company’s stock worth $627,000 after acquiring an additional 1,781 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Allison Transmission by 43.7% during the third quarter. Raymond James & Associates now owns 146,716 shares of the auto parts company’s stock worth $8,665,000 after acquiring an additional 44,588 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Allison Transmission by 12.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,262 shares of the auto parts company’s stock valued at $1,138,000 after purchasing an additional 2,157 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Allison Transmission by 43.1% in the 3rd quarter. Mackenzie Financial Corp now owns 127,146 shares of the auto parts company’s stock worth $7,372,000 after purchasing an additional 38,273 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE:ALSN traded down $0.60 during trading on Friday, hitting $74.06. 965,882 shares of the stock were exchanged, compared to its average volume of 706,495. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.94 and a current ratio of 2.51. The company’s fifty day simple moving average is $78.06 and its 200-day simple moving average is $64.85. Allison Transmission Holdings, Inc. has a 1-year low of $45.36 and a 1-year high of $83.42.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $772.37 million. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 EPS. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 7.56 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, March 1st. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Analyst Upgrades and Downgrades

ALSN has been the subject of several recent research reports. Morgan Stanley started coverage on Allison Transmission in a research note on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price target for the company. Oppenheimer upped their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird boosted their target price on Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group boosted 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.71.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Niekerk Teresa Van sold 6,241 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $74.87, for a total value of $467,263.67. Following the transaction, the vice president now owns 21,112 shares in the company, valued at $1,580,655.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the sale, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock worth $6,244,562 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

About Allison Transmission

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.