Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. decreased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,807 shares of the auto parts company’s stock after selling 145 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Allison Transmission were worth $460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Allison Transmission by 3.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company’s stock valued at $286,683,000 after purchasing an additional 76,840 shares during the period. Federated Hermes Inc. raised its position in Allison Transmission by 19.0% during the first quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company’s stock worth $108,897,000 after acquiring an additional 181,568 shares during the last quarter. Jennison Associates LLC raised its position in Allison Transmission by 26.4% during the first quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company’s stock worth $61,250,000 after acquiring an additional 133,635 shares during the last quarter. NewEdge Wealth LLC raised its position in Allison Transmission by 6.6% during the first quarter. NewEdge Wealth LLC now owns 509,912 shares of the auto parts company’s stock worth $48,783,000 after acquiring an additional 31,393 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its position in Allison Transmission by 5.2% during the fourth quarter. Driehaus Capital Management LLC now owns 505,321 shares of the auto parts company’s stock worth $54,605,000 after acquiring an additional 24,811 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

Allison Transmission stock opened at $90.68 on Thursday. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53. The firm has a 50 day moving average price of $92.64 and a 200 day moving average price of $97.21. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 10.30 and a beta of 0.97. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. During the same period in the previous year, the firm earned $2.13 earnings per share. Allison Transmission’s revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 20th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, August 20th. Allison Transmission’s payout ratio is presently 12.27%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the sale, the vice president directly owned 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALSN. Morgan Stanley lifted their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Bank of America lifted their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an “underperform” rating in a report on Monday, June 16th. Wall Street Zen downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Raymond James Financial lowered their price target on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, July 21st. Finally, Citigroup lowered their price target on shares of Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $98.38.

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.