Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,733 shares of the auto parts company’s stock after selling 25,578 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.27% of Allison Transmission worth $17,740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Quent Capital LLC lifted its holdings in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 172 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in shares of Allison Transmission by 2.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock valued at $396,000 after purchasing an additional 180 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Allison Transmission by 4.1% during the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 200 shares during the period. Linden Thomas Advisory Services LLC increased its position in shares of Allison Transmission by 0.8% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock worth $2,034,000 after purchasing an additional 210 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Allison Transmission by 4.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock valued at $447,000 after buying an additional 255 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Trading Up 1.1 %

NYSE:ALSN opened at $90.69 on Thursday. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $91.47. The firm has a market cap of $7.93 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 1.95 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average price of $82.12 and a 200 day moving average price of $78.18.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. The business had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.92 EPS. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 7.89 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, August 30th. Stockholders of record on Monday, August 19th will be issued a $0.25 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. Allison Transmission’s payout ratio is currently 13.35%.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ALSN. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Citigroup started coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price for the company. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 20th. Raymond James assumed coverage on Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, Robert W. Baird increased their target price on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $79.57.

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.