Royal Bank of Canada Cuts Stock Position in Allison Transmission Holdings, Inc. $ALSN

Royal Bank of Canada lessened its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 30.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,878 shares of the auto parts company’s stock after selling 38,591 shares during the quarter. Royal Bank of Canada’s holdings in Allison Transmission were worth $10,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in Allison Transmission in the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in Allison Transmission during the 1st quarter valued at about $27,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Allison Transmission during the first quarter valued at about $28,000. Larson Financial Group LLC increased its stake in Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in shares of Allison Transmission by 2,112.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 338 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $118.80 on Friday. The firm has a market cap of $9.81 billion, a PE ratio of 18.89, a P/E/G ratio of 0.65 and a beta of 0.95. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The company has a quick ratio of 1.18, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The business has a 50-day moving average price of $117.12 and a 200 day moving average price of $118.13.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.48 by $0.25. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.Allison Transmission’s quarterly revenue was up 92.4% compared to the same quarter last year. During the same period last year, the company earned $2.29 earnings per share. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ALSN shares. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Morgan Stanley increased their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Wells Fargo & Company raised their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, Citigroup dropped their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $131.17.

About Allison Transmission

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.