Clifford Swan Investment Counsel LLC Reduces Position in Allison Transmission Holdings, Inc. $ALSN

Clifford Swan Investment Counsel LLC trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,022 shares of the auto parts company’s stock after selling 5,505 shares during the period. Allison Transmission accounts for about 1.3% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 15th biggest holding. Clifford Swan Investment Counsel LLC’s holdings in Allison Transmission were worth $38,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new position in Allison Transmission during the first quarter worth about $26,000. Cedar Mountain Advisors LLC acquired a new stake in Allison Transmission in the 1st quarter valued at about $27,000. Larson Financial Group LLC raised its holdings in Allison Transmission by 536.7% in the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 263 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in Allison Transmission by 2,112.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 338 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Allison Transmission in the 4th quarter worth approximately $51,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 1,053 shares in the company, valued at approximately $131,625. This represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Zacks Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Morgan Stanley lifted their price objective on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Citigroup dropped their target price on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.17.

Allison Transmission Price Performance

Shares of ALSN stock opened at $113.43 on Friday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. The firm’s 50-day moving average is $116.08 and its two-hundred day moving average is $116.52. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The company has a market capitalization of $9.41 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 0.63 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company posted $2.23 EPS. The business’s revenue for the quarter was up 83.6% on a year-over-year basis. Analysts predict that Allison Transmission Holdings, Inc. will post 9.84 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

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.