Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 845,715 shares of the auto parts company’s stock after selling 46,706 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Allison Transmission were worth $80,910,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ALSN. Transce3nd LLC acquired a new position in Allison Transmission during the fourth quarter worth about $25,000. Vermillion Wealth Management Inc. acquired a new position in Allison Transmission during the fourth quarter worth about $31,000. SRH Advisors LLC grew its holdings in Allison Transmission by 95.0% during the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company’s stock worth $45,000 after acquiring an additional 228 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Allison Transmission by 363.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 392 shares during the period. Finally, Private Trust Co. NA grew its holdings in Allison Transmission by 32.8% during the first quarter. Private Trust Co. NA now owns 636 shares of the auto parts company’s stock worth $61,000 after acquiring an additional 157 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was 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 approximately $1,254,881.76. This trade represents a 22.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Allison Transmission Trading Down 0.6%

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

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $811.05 million. During the same period last year, the company posted $2.13 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.27%.

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.