London Co. of Virginia Sells 101,334 Shares of Allison Transmission Holdings, Inc. $ALSN

London Co. of Virginia lowered its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,350,571 shares of the auto parts company’s stock after selling 101,334 shares during the period. London Co. of Virginia owned 2.81% of Allison Transmission worth $223,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new position in shares of Allison Transmission in the 2nd quarter valued at $28,000. SVB Wealth LLC acquired a new position in Allison Transmission in the 1st quarter worth about $33,000. WPG Advisers LLC bought a new position in Allison Transmission in the first quarter valued at about $34,000. Cullen Frost Bankers Inc. boosted its stake in shares of Allison Transmission by 3,108.3% during the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 373 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Allison Transmission during the second quarter worth about $38,000. Institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Raymond James Financial upgraded shares of Allison Transmission from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $105.00 to $110.00 in a research report on Monday. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Citigroup boosted their price objective on shares of Allison Transmission from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. cut their target price on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and an average target price of $93.88.

Allison Transmission Trading Up 0.4%

Shares of Allison Transmission stock opened at $99.87 on Friday. The stock has a market capitalization of $8.31 billion, a PE ratio of 12.24 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $121.81. The stock has a 50 day moving average price of $84.94 and a two-hundred day moving average price of $89.24. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 earnings per share. As a group, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a $0.27 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.08 annualized dividend and a yield of 1.1%. Allison Transmission’s dividend payout ratio is presently 13.24%.

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.