Allspring Global Investments Holdings LLC Has $7.22 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Allspring Global Investments Holdings LLC reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,117 shares of the auto parts company’s stock after selling 6,556 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Allison Transmission were worth $7,217,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Americana Partners LLC boosted its position in Allison Transmission by 7.0% during the 4th quarter. Americana Partners LLC now owns 4,878 shares of the auto parts company’s stock worth $284,000 after acquiring an additional 321 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Allison Transmission by 43.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock worth $2,712,000 after purchasing an additional 14,168 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Allison Transmission by 88.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 98,977 shares of the auto parts company’s stock worth $5,740,000 after purchasing an additional 46,352 shares during the last quarter. Estate Counselors LLC acquired a new position in Allison Transmission during the fourth quarter worth $1,127,000. Finally, Oak Thistle LLC bought a new position in Allison Transmission in the fourth quarter valued at $549,000. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $79.78 on Thursday. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. The business’s 50 day moving average price is $76.01 and its two-hundred day moving average price is $63.40. The company has a market cap of $6.99 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. Allison Transmission Holdings, Inc. has a twelve month low of $44.68 and a twelve month high of $83.42.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.42 by $0.49. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The company had revenue of $775.00 million during the quarter, compared to the consensus estimate of $744.00 million. During the same period in the previous year, the company posted $1.52 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts predict that Allison Transmission Holdings, Inc. will post 7.72 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. Allison Transmission’s dividend payout ratio is presently 13.44%.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction dated Monday, March 4th. The shares were 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 of the company’s stock, valued at approximately $1,089,982.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Allison Transmission news, VP Niekerk Teresa Van sold 6,241 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $74.87, for a total value of $467,263.67. Following the transaction, the vice president now directly owns 21,112 shares of the company’s stock, valued at approximately $1,580,655.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares of the company’s stock, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,843 shares of company stock worth $6,244,562. 0.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ALSN shares. Oppenheimer boosted their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Robert W. Baird upped 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. JPMorgan Chase & Co. increased their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday. The Goldman Sachs Group boosted their price target on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday. Finally, Morgan Stanley began coverage on Allison Transmission in a research note on Monday, January 8th. They set an “equal weight” rating and a $62.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $65.88.

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.