Allworth Financial LP Reduces Position in Allison Transmission Holdings, Inc. $ALSN

Allworth Financial LP lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 97.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,009 shares of the auto parts company’s stock after selling 84,774 shares during the period. Allworth Financial LP’s holdings in Allison Transmission were worth $171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jane Street Group LLC raised its stake in Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after purchasing an additional 223,253 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after purchasing an additional 11,542 shares during the last quarter. Creative Planning lifted its position in shares of Allison Transmission by 10.6% in the second quarter. Creative Planning now owns 6,391 shares of the auto parts company’s stock worth $607,000 after buying an additional 611 shares in the last quarter. Cetera Investment Advisers boosted its stake in Allison Transmission by 38.7% during the second quarter. Cetera Investment Advisers now owns 30,923 shares of the auto parts company’s stock valued at $2,937,000 after buying an additional 8,629 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Allison Transmission by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 108,950 shares of the auto parts company’s stock valued at $10,349,000 after buying an additional 3,919 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

NYSE:ALSN opened at $114.54 on Friday. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $128.85. The stock has a market cap of $9.52 billion, a PE ratio of 15.63, a P/E/G ratio of 0.77 and a beta of 0.96. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. The stock has a 50 day moving average price of $115.70 and a 200 day moving average price of $98.81.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were given a $0.29 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, March 9th. Allison Transmission’s dividend payout ratio (DPR) is presently 15.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ALSN shares. JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Zacks Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup increased their price target on Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Wells Fargo & Company raised their price target on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Finally, Morgan Stanley increased their target price on shares of Allison Transmission from $109.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $112.00.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares in the company, valued at approximately $989,974.59. This represents a 15.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric C. Scroggins sold 1,313 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the sale, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. The trade was a 6.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Profile

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.