Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,229 shares of the auto parts company’s stock after acquiring an additional 212 shares during the period. Parkside Financial Bank & Trust’s holdings in Allison Transmission were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC grew its stake in shares of Allison Transmission by 1,706.7% during the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 512 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Allison Transmission by 222.5% during the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 416 shares in the last quarter. Quent Capital LLC grew its stake in shares of Allison Transmission by 42.3% during the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Allison Transmission by 1,538.6% during the third quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 677 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Allison Transmission during the third quarter worth $108,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Activity

In related news, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now owns 125,479 shares in the company, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock worth $6,244,562 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALSN shares. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Oppenheimer upped their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Morgan Stanley started coverage on shares of Allison Transmission in a research note on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective for the company. Finally, The Goldman Sachs Group upped their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus price target of $65.88.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $80.31 on Friday. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.47 and a beta of 1.03. Allison Transmission Holdings, Inc. has a one year low of $44.68 and a one year high of $83.42. The company has a 50-day simple moving average of $77.75 and a 200-day simple moving average of $64.23. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.49. The firm had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $744.00 million. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 earnings per share. On average, analysts predict that Allison Transmission Holdings, Inc. will post 7.74 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.25 per share. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, March 1st. Allison Transmission’s dividend payout ratio is presently 13.44%.

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.