Vanguard Group Inc. Sells 169,510 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Vanguard Group Inc. trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,982,435 shares of the auto parts company’s stock after selling 169,510 shares during the quarter. Vanguard Group Inc. owned 0.11% of Allison Transmission worth $859,350,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ALSN. NewEdge Wealth LLC boosted its holdings in shares of Allison Transmission by 6.6% in the 1st quarter. NewEdge Wealth LLC now owns 509,912 shares of the auto parts company’s stock worth $48,783,000 after purchasing an additional 31,393 shares in the last quarter. Argent Trust Co raised its position in shares of Allison Transmission by 27.2% in the 1st quarter. Argent Trust Co now owns 6,938 shares of the auto parts company’s stock worth $664,000 after acquiring an additional 1,484 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of Allison Transmission in the 1st quarter worth approximately $1,131,000. Klein Pavlis & Peasley Financial Inc. boosted its position in shares of Allison Transmission by 23.9% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 41,129 shares of the auto parts company’s stock valued at $4,004,000 after buying an additional 7,931 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Allison Transmission by 5.9% during the first quarter. US Bancorp DE now owns 8,057 shares of the auto parts company’s stock valued at $771,000 after buying an additional 449 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Ryan A. Milburn sold 3,412 shares of the company’s stock in a transaction dated 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 transaction, the vice president owned 11,924 shares in the company, valued at $1,254,881.76. This represents a 22.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

Allison Transmission Price Performance

NYSE ALSN opened at $88.31 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The stock’s fifty day moving average price is $93.13 and its 200 day moving average price is $97.30. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 10.03 and a beta of 0.97.

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 the consensus estimate of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%. The firm had revenue of $814.00 million for the quarter, compared to the consensus estimate of $811.05 million. During the same period in the prior year, the firm earned $2.13 EPS. The firm’s revenue was down .2% on a year-over-year basis. As a group, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup dropped their price target on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 24th. Wall Street Zen cut Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. The Goldman Sachs Group boosted their price objective on Allison Transmission from $80.00 to $90.00 and gave the stock a “sell” rating in a research note on Tuesday, May 27th. Robert W. Baird dropped their target price on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Finally, Raymond James Financial lowered their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, July 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $98.38.

Allison Transmission Company 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.