Cambridge Investment Research Advisors Inc. Trims Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cambridge Investment Research Advisors Inc. trimmed its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 15.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,938 shares of the auto parts company’s stock after selling 1,502 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Allison Transmission were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ALSN. Transce3nd LLC bought a new stake in shares of Allison Transmission during the fourth quarter valued at approximately $25,000. Vermillion Wealth Management Inc. purchased a new position in Allison Transmission during the 4th quarter worth $31,000. MassMutual Private Wealth & Trust FSB raised its position in Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 392 shares in the last quarter. Whittier Trust Co. purchased a new stake in shares of Allison Transmission in the 4th quarter worth $61,000. Finally, GeoWealth Management LLC purchased a new stake in shares of Allison Transmission in the 4th quarter worth $65,000. 96.90% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Ryan A. Milburn sold 3,412 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the transaction, the vice president directly owned 11,924 shares in the company, valued at $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Allison Transmission Price Performance

Shares of ALSN opened at $95.11 on Tuesday. The company has a 50 day moving average of $99.21 and a two-hundred day moving average of $101.53. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. Allison Transmission Holdings, Inc. has a twelve month low of $74.28 and a twelve month high of $122.53. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 11.01 and a beta of 0.96.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The firm had revenue of $766.00 million during the quarter, compared to analysts’ expectations of $792.18 million. During the same quarter last year, the firm earned $1.90 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.50%.

Analysts Set New Price Targets

ALSN has been the subject of several recent research reports. Wall Street Zen downgraded Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Robert W. Baird reduced their price target on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Citigroup lowered their price target on shares of Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. JPMorgan Chase & Co. cut their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, Bank of America boosted their price objective on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an “underperform” rating in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $99.00.

About Allison Transmission

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.