Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lessened its holdings in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 153,700 shares of the auto parts company’s stock after selling 10,700 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.12% of Allison Transmission worth $6,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ALSN. Townsend & Associates Inc acquired a new position in shares of Allison Transmission during the 2nd quarter valued at about $111,000. Sun Life Financial INC acquired a new position in shares of Allison Transmission during the 2nd quarter valued at about $115,000. Smithfield Trust Co. acquired a new position in shares of Allison Transmission during the 1st quarter valued at about $189,000. Sigma Planning Corp acquired a new position in shares of Allison Transmission during the 2nd quarter valued at about $232,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Allison Transmission during the 1st quarter valued at about $238,000.

Shares of NYSE:ALSN opened at $51.83 on Friday. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.05 and a current ratio of 1.43. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.30. Allison Transmission Holdings Inc has a 1 year low of $34.32 and a 1 year high of $52.22.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, July 30th. The auto parts company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.29. The company had revenue of $711.00 million for the quarter, compared to analyst estimates of $655.33 million. Allison Transmission had a net margin of 25.46% and a return on equity of 86.52%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. analysts anticipate that Allison Transmission Holdings Inc will post 4.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Monday, August 20th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. Allison Transmission’s dividend payout ratio (DPR) is presently 22.56%.

In other Allison Transmission news, CEO David S. Graziosi sold 5,000 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $48.52, for a total transaction of $242,600.00. Following the sale, the chief executive officer now directly owns 196,921 shares in the company, valued at $9,554,606.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence E. Dewey sold 262,795 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $51.61, for a total transaction of $13,562,849.95. Following the sale, the director now owns 479,870 shares in the company, valued at $24,766,090.70. The disclosure for this sale can be found here. Insiders have sold 282,145 shares of company stock worth $14,510,234 over the last quarter. Insiders own 8.40% of the company’s stock.

A number of research firms have commented on ALSN. Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, August 1st. Mizuho began coverage on shares of Allison Transmission in a research report on Friday, June 29th. They issued a “buy” rating and a $50.00 target price on the stock. Stifel Nicolaus upped their target price on shares of Allison Transmission from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. ValuEngine raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, Bank of America upped their target price on shares of Allison Transmission from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $45.75.

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 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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