SG Americas Securities LLC reduced its holdings in Allison Transmission Holdings Inc (NYSE:ALSN) by 41.4% during the 2nd quarter, Holdings Channel reports. The fund owned 7,733 shares of the auto parts company’s stock after selling 5,467 shares during the period. SG Americas Securities LLC’s holdings in Allison Transmission were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in Allison Transmission by 19.0% in the 1st quarter. Wells Fargo & Company MN now owns 560,899 shares of the auto parts company’s stock valued at $21,908,000 after purchasing an additional 89,664 shares during the last quarter. Victory Capital Management Inc. raised its position in Allison Transmission by 21.9% in the 1st quarter. Victory Capital Management Inc. now owns 70,880 shares of the auto parts company’s stock valued at $2,769,000 after purchasing an additional 12,749 shares during the last quarter. Prudential Financial Inc. raised its position in Allison Transmission by 316.5% in the 1st quarter. Prudential Financial Inc. now owns 67,064 shares of the auto parts company’s stock valued at $2,620,000 after purchasing an additional 50,964 shares during the last quarter. Northern Trust Corp raised its position in shares of Allison Transmission by 4.3% during the first quarter. Northern Trust Corp now owns 649,204 shares of the auto parts company’s stock worth $25,357,000 after acquiring an additional 26,582 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Allison Transmission by 2.0% during the first quarter. BlackRock Inc. now owns 6,055,839 shares of the auto parts company’s stock worth $236,541,000 after acquiring an additional 120,901 shares during the last quarter.

ALSN has been the subject of a number of recent research reports. ValuEngine upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Bank of America boosted their target price on Allison Transmission from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 31st. Zacks Investment Research downgraded Allison Transmission from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Mizuho initiated coverage on Allison Transmission in a research report on Friday, June 29th. They set a “buy” rating and a $50.00 target price for the company. Finally, Credit Suisse Group boosted their target price on Allison Transmission from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.75.

NYSE ALSN opened at $53.44 on Friday. The stock has a market capitalization of $6.97 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.21 and a beta of 1.30. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 4.19. Allison Transmission Holdings Inc has a 12 month low of $34.63 and a 12 month high of $53.55.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, July 30th. The auto parts company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.29. The business had revenue of $711.00 million during the quarter, compared to the consensus estimate of $655.33 million. Allison Transmission had a return on equity of 86.52% and a net margin of 25.46%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share. equities research analysts predict that Allison Transmission Holdings Inc will post 4.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Monday, August 20th were issued a $0.15 dividend. The ex-dividend date was Friday, August 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. Allison Transmission’s dividend payout ratio is presently 22.56%.

In related news, Director Lawrence E. Dewey sold 262,795 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $51.61, for a total value of $13,562,849.95. Following the completion of the sale, the director now owns 479,870 shares in the company, valued at $24,766,090.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence E. Dewey sold 111,459 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $51.77, for a total value of $5,770,232.43. Following the completion of the sale, the director now owns 400,133 shares of the company’s stock, valued at approximately $20,714,885.41. The disclosure for this sale can be found here. Insiders sold 393,604 shares of company stock valued at $20,280,466 in the last quarter. 8.40% of the stock is currently owned by corporate insiders.

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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