LSV Asset Management Sells 154,587 Shares of Allison Transmission Holdings, Inc. $ALSN

LSV Asset Management reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,284,394 shares of the auto parts company’s stock after selling 154,587 shares during the quarter. LSV Asset Management’s holdings in Allison Transmission were worth $223,642,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ALSN. Jane Street Group LLC boosted its position in shares of Allison Transmission by 341.3% in the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after acquiring an additional 223,253 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after acquiring an additional 11,542 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Allison Transmission by 9.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock valued at $180,000 after acquiring an additional 165 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Allison Transmission by 441.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock valued at $97,000 after acquiring an additional 830 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Allison Transmission in the second quarter valued at approximately $6,111,000. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Morgan Stanley raised their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Oppenheimer raised their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Allison Transmission has a consensus rating of “Hold” and an average price target of $116.50.

Insider Activity at Allison Transmission

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the transaction, the insider directly owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the transaction, the chief financial officer directly owned 1,053 shares in the company, valued at $131,625. This trade represents a 68.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Allison Transmission Trading Up 0.7%

Shares of ALSN opened at $109.86 on Friday. The firm’s 50 day simple moving average is $121.20 and its 200 day simple moving average is $109.18. The company has a market capitalization of $9.11 billion, a P/E ratio of 17.09, a P/E/G ratio of 0.59 and a beta of 1.01. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. Allison Transmission’s quarterly revenue was up 83.6% on a year-over-year basis. During the same period last year, the firm posted $2.23 earnings per share. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.86 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. Allison Transmission’s dividend payout ratio (DPR) is 18.04%.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.