O Shares Investment Advisers LLC lowered its position in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 12.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,210 shares of the auto parts company’s stock after selling 2,110 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Allison Transmission were worth $683,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of Allison Transmission by 0.5% during the first quarter. Empowered Funds LLC now owns 52,820 shares of the auto parts company’s stock worth $2,373,000 after purchasing an additional 274 shares during the period. Argent Capital Management LLC grew its stake in shares of Allison Transmission by 1.5% during the first quarter. Argent Capital Management LLC now owns 23,216 shares of the auto parts company’s stock worth $1,043,000 after purchasing an additional 353 shares during the period. First Mercantile Trust Co. grew its stake in shares of Allison Transmission by 43.7% during the fourth quarter. First Mercantile Trust Co. now owns 1,250 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 380 shares during the period. Advisory Services Network LLC grew its stake in shares of Allison Transmission by 128.3% during the fourth quarter. Advisory Services Network LLC now owns 685 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 385 shares during the period. Finally, Virginia Retirement Systems ET AL grew its stake in shares of Allison Transmission by 1.8% during the fourth quarter. Virginia Retirement Systems ET AL now owns 22,200 shares of the auto parts company’s stock worth $975,000 after purchasing an additional 400 shares during the period. Institutional investors own 95.65% of the company’s stock.

In related news, SVP Randall R. Kirk sold 37,776 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $42.60, for a total transaction of $1,609,257.60. Following the sale, the senior vice president now owns 190,747 shares in the company, valued at $8,125,822.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO G Frederick Bohley bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average price of $46.00 per share, for a total transaction of $230,000.00. Following the acquisition, the chief financial officer now directly owns 40,940 shares of the company’s stock, valued at approximately $1,883,240. The disclosure for this purchase can be found here. Insiders have sold 5,089,819 shares of company stock valued at $237,568,166 over the last ninety days. 9.00% of the stock is owned by insiders.

A number of research analysts have issued reports on ALSN shares. Zacks Investment Research cut Allison Transmission from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine cut Allison Transmission from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Mizuho reissued a “hold” rating and issued a $53.00 target price on shares of Allison Transmission in a research note on Tuesday, February 26th. Stifel Nicolaus cut Allison Transmission from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $48.00 in a research note on Wednesday, March 6th. Finally, Credit Suisse Group boosted their target price on Allison Transmission from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.22.

Shares of ALSN stock traded down $0.10 on Wednesday, hitting $43.85. 27,795 shares of the stock were exchanged, compared to its average volume of 1,018,250. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.89 and a quick ratio of 1.49. The stock has a market capitalization of $5.49 billion, a P/E ratio of 9.18, a P/E/G ratio of 0.94 and a beta of 1.38. Allison Transmission Holdings Inc has a fifty-two week low of $39.41 and a fifty-two week high of $53.76.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.20. The company had revenue of $675.00 million during the quarter, compared to analysts’ expectations of $658.01 million. Allison Transmission had a return on equity of 97.36% and a net margin of 24.04%. Allison Transmission’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share. Equities analysts expect that Allison Transmission Holdings Inc will post 4.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. Allison Transmission’s dividend payout ratio is currently 12.55%.

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Allison Transmission Company Profile

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 12 transmission product lines 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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