Everett Harris & Co. CA Decreases Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Everett Harris & Co. CA cut its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,395 shares of the auto parts company’s stock after selling 775 shares during the quarter. Everett Harris & Co. CA owned about 0.09% of Allison Transmission worth $4,617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALSN. Global Retirement Partners LLC lifted its holdings 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 worth $32,000 after purchasing an additional 512 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $25,000. Loomis Sayles & Co. L P lifted its holdings in shares of Allison Transmission by 222.5% during the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 416 shares during the period. IFP Advisors Inc lifted its holdings in shares of Allison Transmission by 1,538.6% during the third quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 677 shares during the period. Finally, Comerica Bank acquired a new stake in shares of Allison Transmission during the second quarter worth about $48,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Robert W. Baird lifted their target price on Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Morgan Stanley assumed coverage on Allison Transmission in a research report on Monday, January 8th. They set an “equal weight” rating and a $62.00 price target for the company. The Goldman Sachs Group lifted their price target on Allison Transmission from $48.00 to $55.00 and gave the company a “sell” rating in a research report on Thursday, February 15th. Finally, Oppenheimer lifted their price target on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average target price of $63.88.

Allison Transmission Stock Performance

Shares of NYSE:ALSN opened at $81.18 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94. The business’s 50 day moving average price is $70.04 and its 200-day moving average price is $61.24. The firm has a market capitalization of $7.08 billion, a PE ratio of 10.91, a P/E/G ratio of 1.49 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 1 year low of $43.02 and a 1 year high of $81.54.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.49. The firm had revenue of $775.00 million for 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 revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 7.64 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.25 dividend. The ex-dividend date was Friday, March 1st. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. Allison Transmission’s payout ratio is currently 13.44%.

Insider Transactions at Allison Transmission

In other news, VP Dana Jh Pittard sold 2,686 shares of Allison Transmission stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the sale, the vice president now directly owns 5,143 shares of the company’s stock, valued at $374,616.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the transaction, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dana Jh Pittard sold 2,686 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the transaction, the vice president now directly owns 5,143 shares in the company, valued at approximately $374,616.12. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock valued at $6,244,562 over the last ninety days. Insiders own 1.10% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.