Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,161 shares of the auto parts company’s stock after selling 2,806 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of Allison Transmission worth $3,731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SRS Capital Advisors Inc. grew its position in shares of Allison Transmission by 256.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after buying an additional 426 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Allison Transmission by 222.5% during the 3rd 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. Quent Capital LLC lifted its holdings in shares of Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 210 shares during the last quarter. Headlands Technologies LLC boosted its position in Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 781 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in Allison Transmission by 20.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after buying an additional 212 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In other news, VP Ryan A. Milburn sold 2,598 shares of the 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 completion of the sale, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction that occurred 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 transaction, the vice president now directly owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Dana Jh Pittard sold 2,686 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the sale, the vice president now owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The disclosure for this sale can be found here. Insiders sold a total of 11,525 shares of company stock valued at $858,801 over the last ninety days. Insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALSN. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 15th. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Oppenheimer increased their price objective on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Robert W. Baird lifted their target price on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $71.71.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $75.23 on Thursday. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. Allison Transmission Holdings, Inc. has a 12 month low of $47.22 and a 12 month high of $83.42. The stock’s 50 day moving average price is $78.12 and its 200 day moving average price is $66.82.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 earnings per share. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be paid a $0.25 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Allison Transmission’s dividend payout ratio is currently 13.35%.

Allison Transmission 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.