Allspring Global Investments Holdings LLC Decreases Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Allspring Global Investments Holdings LLC decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 43.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,617 shares of the auto parts company’s stock after selling 56,592 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.09% of Allison Transmission worth $7,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. AMI Investment Management Inc. raised its stake in Allison Transmission by 3.3% during the fourth quarter. AMI Investment Management Inc. now owns 30,201 shares of the auto parts company’s stock valued at $2,957,000 after purchasing an additional 970 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Allison Transmission by 14.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 10,077 shares of the auto parts company’s stock valued at $987,000 after purchasing an additional 1,296 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in Allison Transmission by 14.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,788 shares of the auto parts company’s stock valued at $371,000 after purchasing an additional 486 shares in the last quarter. Kathmere Capital Management LLC raised its stake in Allison Transmission by 4.6% during the fourth quarter. Kathmere Capital Management LLC now owns 2,643 shares of the auto parts company’s stock valued at $259,000 after purchasing an additional 116 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in Allison Transmission by 2.3% during the fourth quarter. Salem Investment Counselors Inc. now owns 34,262 shares of the auto parts company’s stock valued at $3,354,000 after purchasing an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Up 0.4%

ALSN stock opened at $117.54 on Tuesday. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $128.85. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.77 and a beta of 0.97. The firm’s fifty day simple moving average is $116.49 and its two-hundred day simple moving average is $100.15.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, March 9th. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio (DPR) is 15.83%.

Analyst Ratings Changes

ALSN has been the topic of a number of recent research reports. Oppenheimer upped their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Raymond James Financial boosted their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. Wells Fargo & Company boosted their price objective on shares of Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 25th. Finally, Citigroup boosted their price objective on shares of Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $112.00.

Insider Buying and Selling

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the transaction, the insider directly owned 17,654 shares in the company, valued at $2,019,617.60. This represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.