Schwarz Dygos Wheeler Investment Advisors LLC Acquires 700 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,352 shares of the auto parts company’s stock after purchasing an additional 700 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Allison Transmission were worth $1,009,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Federated Hermes Inc. lifted its holdings in Allison Transmission by 62.5% in the third quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock valued at $47,207,000 after buying an additional 307,322 shares during the period. Invesco Ltd. boosted its position in shares of Allison Transmission by 17.8% during the 3rd quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock valued at $87,264,000 after purchasing an additional 222,863 shares in the last quarter. Lazard Asset Management LLC grew its stake in Allison Transmission by 104.0% during the third quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company’s stock worth $12,827,000 after purchasing an additional 110,722 shares during the period. Sheaff Brock Investment Advisors LLC bought a new stake in Allison Transmission in the third quarter worth approximately $6,332,000. Finally, ClariVest Asset Management LLC lifted its stake in Allison Transmission by 402,208.3% in the third quarter. ClariVest Asset Management LLC now owns 96,554 shares of the auto parts company’s stock valued at $5,702,000 after buying an additional 96,530 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Dana Jh Pittard sold 2,686 shares of Allison Transmission stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the sale, the vice president now directly owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Allison Transmission news, VP Dana Jh Pittard sold 2,686 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the completion of the sale, the vice president now owns 5,143 shares of the company’s stock, valued at $374,616.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now directly owns 14,456 shares of the company’s stock, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,843 shares of company stock worth $6,244,562. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALSN. Oppenheimer lifted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Friday. Robert W. Baird increased their target price on Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley assumed coverage on shares of Allison Transmission in a research note on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and an average price target of $68.25.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded down $5.77 during trading hours on Friday, reaching $74.49. The company had a trading volume of 1,656,438 shares, compared to its average volume of 572,644. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94. Allison Transmission Holdings, Inc. has a one year low of $44.68 and a one year high of $83.42. The firm has a market cap of $6.53 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. The business has a fifty day simple moving average of $77.83 and a 200 day simple moving average of $64.33.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.02. Allison Transmission had a return on equity of 58.05% and a net margin of 21.80%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $772.37 million. During the same period in the prior year, the business posted $1.85 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 7.74 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.25 per share. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. Allison Transmission’s payout ratio is presently 13.35%.

Allison Transmission Profile

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.