Los Angeles Capital Management LLC Sells 113,783 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Los Angeles Capital Management LLC decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 26.2% in the fourth quarter, HoldingsChannel reports. The fund owned 320,868 shares of the auto parts company’s stock after selling 113,783 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Allison Transmission were worth $18,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. raised its position in shares of Allison Transmission by 62.5% during the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock valued at $47,207,000 after purchasing an additional 307,322 shares during the period. Invesco Ltd. boosted its stake in shares of Allison Transmission by 17.8% in the third quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock worth $87,264,000 after acquiring an additional 222,863 shares during the period. Lazard Asset Management LLC grew its position in shares of Allison Transmission by 104.0% during the third quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company’s stock worth $12,827,000 after purchasing an additional 110,722 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in Allison Transmission during the 3rd quarter valued at approximately $6,332,000. Finally, ClariVest Asset Management LLC lifted its holdings in Allison Transmission by 402,208.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 96,554 shares of the auto parts company’s stock worth $5,702,000 after purchasing an additional 96,530 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Trading Down 0.8 %

Shares of NYSE:ALSN traded down $0.60 during trading hours on Friday, hitting $74.06. 965,882 shares of the company’s stock traded hands, compared to its average volume of 706,495. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.94. The business has a fifty day moving average price of $78.06 and a 200-day moving average price of $64.85. Allison Transmission Holdings, Inc. has a 1 year low of $45.36 and a 1 year high of $83.42. The firm has a market capitalization of $6.48 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. Equities analysts expect that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s payout ratio is currently 13.35%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALSN. Robert W. Baird increased their price objective on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. Oppenheimer lifted their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.71.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at $8,855,053.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO David S. Graziosi sold 76,318 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the sale, the chief executive officer now owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dana Jh Pittard sold 2,686 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the transaction, the vice president now directly owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock valued at $6,244,562 over the last quarter. 1.10% of the stock is owned by corporate insiders.

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.