Robotti Robert Lowers Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Robotti Robert lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 59,143 shares of the auto parts company’s stock after selling 610 shares during the period. Allison Transmission comprises 1.1% of Robotti Robert’s holdings, making the stock its 21st biggest position. Robotti Robert owned 0.07% of Allison Transmission worth $5,658,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ALSN. Fuller & Thaler Asset Management Inc. boosted its holdings in Allison Transmission by 3.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company’s stock worth $286,683,000 after acquiring an additional 76,840 shares in the last quarter. Invesco Ltd. raised its position in shares of Allison Transmission by 6.8% in the 1st quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company’s stock valued at $120,795,000 after purchasing an additional 80,653 shares during the last quarter. Federated Hermes Inc. boosted its stake in Allison Transmission by 19.0% in the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company’s stock worth $108,897,000 after purchasing an additional 181,568 shares in the last quarter. Jennison Associates LLC boosted its stake in Allison Transmission by 26.4% in the 1st quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company’s stock worth $61,250,000 after purchasing an additional 133,635 shares in the last quarter. Finally, NewEdge Wealth LLC grew its position in Allison Transmission by 6.6% during the 1st quarter. NewEdge Wealth LLC now owns 509,912 shares of the auto parts company’s stock worth $48,783,000 after purchasing an additional 31,393 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ALSN shares. Morgan Stanley raised their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Wall Street Zen lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Bank of America lifted their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an “underperform” rating in a research report on Monday, June 16th. Citigroup lowered their price target on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. Finally, Raymond James Financial lowered their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.38.

Allison Transmission Stock Down 0.6%

NYSE:ALSN opened at $90.68 on Thursday. The firm has a market capitalization of $7.58 billion, a P/E ratio of 10.30 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 1-year low of $80.39 and a 1-year high of $122.53. The company’s fifty day moving average price is $92.64 and its 200-day moving average price is $97.21. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.13 earnings per share. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 20th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 20th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.27%.

Insider Buying and Selling

In other news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president directly owned 11,924 shares of the company’s stock, valued at $1,254,881.76. This represents a 22.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.