Shell Asset Management Co. reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,893 shares of the auto parts company’s stock after selling 3,077 shares during the period. Shell Asset Management Co.’s holdings in Allison Transmission were worth $578,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Wolf Group Capital Advisors increased its holdings in shares of Allison Transmission by 1.2% in the third quarter. Wolf Group Capital Advisors now owns 20,410 shares of the auto parts company’s stock worth $689,000 after purchasing an additional 245 shares during the last quarter. Quadrant Capital Group LLC increased its position in Allison Transmission by 34.0% in the third quarter. Quadrant Capital Group LLC now owns 1,083 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 275 shares during the last quarter. Transatlantique Private Wealth LLC increased its position in Allison Transmission by 4.7% in the third quarter. Transatlantique Private Wealth LLC now owns 8,027 shares of the auto parts company’s stock worth $271,000 after purchasing an additional 360 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Allison Transmission by 3.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 12,259 shares of the auto parts company’s stock worth $414,000 after purchasing an additional 383 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Allison Transmission by 7.5% in the third quarter. MML Investors Services LLC now owns 6,196 shares of the auto parts company’s stock worth $209,000 after purchasing an additional 434 shares during the last quarter. 99.89% of the stock is currently owned by institutional investors.
Allison Transmission Stock Performance
Shares of Allison Transmission stock opened at $46.08 on Friday. The stock’s fifty day moving average is $45.67 and its two-hundred day moving average is $44.04. The company has a market capitalization of $4.25 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.07 and a beta of 0.98. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 2.86. Allison Transmission Holdings, Inc. has a 52 week low of $32.63 and a 52 week high of $50.64.
Allison Transmission Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, May 12th. Allison Transmission’s dividend payout ratio (DPR) is presently 15.13%.
Wall Street Analyst Weigh In
ALSN has been the topic of several research reports. Bank of America boosted their price target on shares of Allison Transmission from $40.00 to $44.00 in a research report on Friday, April 28th. Morgan Stanley boosted their price target on shares of Allison Transmission from $39.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, April 20th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Monday. Robert W. Baird raised their price target on Allison Transmission from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Finally, The Goldman Sachs Group raised their price target on Allison Transmission from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Friday, February 17th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.57.
Insider Buying and Selling at Allison Transmission
In other Allison Transmission news, CFO G Frederick Bohley sold 5,225 shares of Allison Transmission stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $50.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer now directly owns 60,659 shares of the company’s stock, valued at approximately $3,032,950. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Allison Transmission news, VP Eric C. Scroggins sold 9,121 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $47.68, for a total transaction of $434,889.28. Following the sale, the vice president now owns 7,508 shares of the company’s stock, valued at approximately $357,981.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO G Frederick Bohley sold 5,225 shares of the stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $50.00, for a total value of $261,250.00. Following the sale, the chief financial officer now directly owns 60,659 shares in the company, valued at approximately $3,032,950. The disclosure for this sale can be found here. Insiders sold a total of 39,350 shares of company stock valued at $1,901,900 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.
Allison Transmission Profile
Allison Transmission Holdings, Inc engages in the design and manufacture of vehicle propulsion solutions for commercial and defense vehicles. The company also manufactures medium and heavy duty fully automatic transmissions and electrified propulsion systems. Its products are used in a variety of applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.
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