Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,568 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,830 shares of the auto parts company’s stock after acquiring an additional 1,568 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Allison Transmission were worth $1,211,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quent Capital LLC lifted its holdings in shares of Allison Transmission by 42.3% during the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Allison Transmission by 0.6% during the third quarter. Victory Capital Management Inc. now owns 36,447 shares of the auto parts company’s stock valued at $2,153,000 after purchasing an additional 211 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Allison Transmission by 4.6% during the third quarter. M&T Bank Corp now owns 5,774 shares of the auto parts company’s stock valued at $341,000 after purchasing an additional 256 shares during the last quarter. Americana Partners LLC lifted its holdings in shares of Allison Transmission by 7.0% during the fourth quarter. Americana Partners LLC now owns 4,878 shares of the auto parts company’s stock valued at $284,000 after purchasing an additional 321 shares during the last quarter. Finally, 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 valued at $36,000 after purchasing an additional 416 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Buying and Selling at Allison Transmission

In other news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the sale, the chief executive officer now owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Niekerk Teresa Van sold 6,241 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $74.87, for a total transaction of $467,263.67. Following the completion of the sale, the vice president now 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 available at this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,843 shares of company stock worth $6,244,562. Insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $74.52 on Friday. Allison Transmission Holdings, Inc. has a twelve month low of $44.68 and a twelve month high of $83.42. The firm has a market cap of $6.53 billion, a P/E ratio of 10.02, a PEG ratio of 1.48 and a beta of 1.03. The company has a 50 day moving average of $77.83 and a 200 day moving average of $64.33. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 EPS. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 7.74 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.25 per share. 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 dividend on an annualized basis and a yield of 1.34%. Allison Transmission’s payout ratio is currently 13.44%.

Analyst Ratings Changes

ALSN has been the subject of several recent research reports. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Friday. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. Robert W. Baird lifted their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Friday. Oppenheimer boosted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Morgan Stanley started coverage on shares of Allison Transmission in a report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.25.

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.