Cerity Partners LLC Boosts Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cerity Partners LLC boosted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 313.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 34,613 shares of the auto parts company’s stock after buying an additional 26,244 shares during the quarter. Cerity Partners LLC’s holdings in Allison Transmission were worth $2,013,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ALSN. AMI Investment Management Inc. grew its holdings in Allison Transmission by 7.1% during the 1st quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock valued at $3,816,000 after purchasing an additional 6,438 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Allison Transmission by 5.1% in the first quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock worth $13,140,000 after buying an additional 16,209 shares during the period. Raymond James & Associates lifted its stake in shares of Allison Transmission by 267.3% during the 1st quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock worth $1,323,000 after acquiring an additional 24,534 shares during the last quarter. Citigroup Inc. boosted its holdings in Allison Transmission by 1.5% during the 1st quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock valued at $2,938,000 after acquiring an additional 1,127 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Allison Transmission by 31.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock valued at $514,000 after acquiring an additional 3,142 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ALSN shares. The Goldman Sachs Group lifted their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday. Morgan Stanley initiated coverage on shares of Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective for the company. Oppenheimer raised their target price 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 boosted their price target on Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. raised their price objective on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and an average target price of $65.88.

Allison Transmission Price Performance

NYSE ALSN opened at $78.38 on Friday. The company has a market cap of $6.87 billion, a PE ratio of 10.53, a P/E/G ratio of 1.47 and a beta of 1.03. Allison Transmission Holdings, Inc. has a 52-week low of $44.68 and a 52-week high of $83.42. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The firm’s 50 day moving average price is $76.69 and its 200-day moving average price is $63.65.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.49. The business had revenue of $775.00 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 7.76 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.28%. Allison Transmission’s payout ratio is currently 13.44%.

Insider Buying and Selling at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Ryan A. Milburn sold 2,598 shares of the firm’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the transaction, the chief executive officer now owns 125,479 shares in the company, valued at $8,855,053.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,843 shares of company stock valued at $6,244,562. 1.10% of the stock is currently owned by insiders.

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.