Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Holdings Cut by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,601 shares of the auto parts company’s stock after selling 1,996 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Allison Transmission were worth $4,280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ALSN. London Co. of Virginia raised its holdings in shares of Allison Transmission by 1.1% during the third quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company’s stock worth $142,576,000 after acquiring an additional 26,316 shares in the last quarter. Boston Partners raised its holdings in shares of Allison Transmission by 1.7% during the third quarter. Boston Partners now owns 1,747,514 shares of the auto parts company’s stock worth $102,250,000 after acquiring an additional 29,912 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Allison Transmission by 17.8% during the third quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock worth $87,264,000 after acquiring an additional 222,863 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Allison Transmission by 62.5% during the third quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after acquiring an additional 307,322 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Allison Transmission by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 674,416 shares of the auto parts company’s stock worth $39,831,000 after acquiring an additional 36,171 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

NYSE ALSN traded up $0.28 during trading on Wednesday, reaching $80.03. 700,655 shares of the company traded hands, compared to its average volume of 664,711. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The stock’s 50 day moving average price is $77.38 and its two-hundred day moving average price is $64.01. Allison Transmission Holdings, Inc. has a 1-year low of $44.68 and a 1-year high of $83.42. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.46 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.49. The firm had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $744.00 million. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. Allison Transmission’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 EPS. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 7.74 EPS for the current year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.25 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. Allison Transmission’s payout ratio is presently 13.44%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ALSN shares. Robert W. Baird increased their price objective on Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Morgan Stanley initiated coverage on Allison Transmission in a report on Monday, January 8th. They set an “equal weight” rating and a $62.00 target price on the stock. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. The Goldman Sachs Group lifted their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. Finally, Oppenheimer lifted their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus target price of $65.88.

Insider Buying and Selling at Allison Transmission

In other news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO David S. Graziosi sold 76,318 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dana Jh Pittard sold 2,686 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the transaction, the vice president now directly owns 5,143 shares of the company’s stock, valued at $374,616.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,843 shares of company stock worth $6,244,562. Insiders own 0.93% of the company’s stock.

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.