Federated Hermes Inc. Trims Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Federated Hermes Inc. lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 787,738 shares of the auto parts company’s stock after selling 11,574 shares during the quarter. Federated Hermes Inc.’s holdings in Allison Transmission were worth $45,807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ALSN. ICA Group Wealth Management LLC bought a new position in Allison Transmission in the 4th quarter worth about $25,000. Global Retirement Partners LLC increased its position in shares of Allison Transmission by 1,706.7% during the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 512 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Allison Transmission by 222.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 416 shares during the last quarter. Quent Capital LLC lifted its position in Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Allison Transmission by 1,538.6% in the 3rd quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 677 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $78.38 on Friday. 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 company has a market capitalization of $6.87 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 1.47 and a beta of 1.03. The company’s fifty day moving average price is $76.69 and its 200-day moving average price is $63.65. Allison Transmission Holdings, Inc. has a one year low of $44.68 and a one year high of $83.42.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.49. The firm had revenue of $775.00 million during the quarter, compared to analyst estimates of $744.00 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 7.76 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 1st. Allison Transmission’s dividend payout ratio is 13.44%.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the transaction, the vice president now directly owns 14,456 shares of the company’s stock, valued at approximately $1,089,982.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction 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 $8,855,053.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now owns 14,456 shares of the company’s stock, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,843 shares of company stock valued at $6,244,562. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ALSN shares. Robert W. Baird lifted their price target on shares of Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Oppenheimer raised their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Morgan Stanley assumed coverage on shares of Allison Transmission in a report on Monday, January 8th. They set an “equal weight” rating and a $62.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and an average price target of $65.88.

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.