Cwm LLC Sells 402 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cwm LLC decreased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,612 shares of the auto parts company’s stock after selling 402 shares during the period. Cwm LLC’s holdings in Allison Transmission were worth $94,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ALSN. Commonwealth Equity Services LLC boosted its position in shares of Allison Transmission by 97.3% during the third quarter. Commonwealth Equity Services LLC now owns 18,184 shares of the auto parts company’s stock valued at $1,074,000 after buying an additional 8,969 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Allison Transmission by 20.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 10,615 shares of the auto parts company’s stock valued at $627,000 after acquiring an additional 1,781 shares during the period. Raymond James & Associates boosted its holdings in shares of Allison Transmission by 43.7% during the 3rd quarter. Raymond James & Associates now owns 146,716 shares of the auto parts company’s stock valued at $8,665,000 after acquiring an additional 44,588 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Allison Transmission by 12.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,262 shares of the auto parts company’s stock worth $1,138,000 after acquiring an additional 2,157 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Allison Transmission by 43.1% during the third quarter. Mackenzie Financial Corp now owns 127,146 shares of the auto parts company’s stock valued at $7,372,000 after purchasing an additional 38,273 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 1.0 %

NYSE ALSN opened at $75.62 on Wednesday. Allison Transmission Holdings, Inc. has a 52 week low of $47.19 and a 52 week high of $83.42. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $6.62 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04. The stock’s 50-day moving average price is $78.07 and its 200-day moving average price is $65.17.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 earnings per share. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.00 annualized dividend and a yield of 1.32%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio is currently 13.35%.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted 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. Oppenheimer upped their price objective on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Robert W. Baird upped their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average price target of $71.71.

Insiders Place Their Bets

In other news, VP Dana Jh Pittard sold 2,686 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the completion of the transaction, the vice president now owns 5,143 shares of the company’s stock, valued at $374,616.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Dana Jh Pittard sold 2,686 shares of the business’s 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 transaction, the vice president now directly owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,843 shares of company stock worth $6,244,562. Corporate insiders own 0.93% of the company’s stock.

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.