Isthmus Partners LLC Has $166,000 Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Isthmus Partners LLC lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 218,081 shares of the auto parts company’s stock after selling 12,840 shares during the period. Isthmus Partners LLC owned about 0.25% of Allison Transmission worth $166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc boosted its position in Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 336 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission in the 2nd quarter valued at approximately $33,000. TFO Wealth Partners LLC increased its holdings in Allison Transmission by 8,975.0% in the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after buying an additional 718 shares during the last quarter. Fifth Third Bancorp raised its position in Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 506 shares in the last quarter. Finally, Quent Capital LLC lifted its stake in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 172 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

NYSE:ALSN traded down $1.20 during mid-day trading on Friday, hitting $86.21. 615,933 shares of the company’s stock traded hands, compared to its average volume of 623,037. The firm has a 50 day moving average of $84.19 and a two-hundred day moving average of $79.17. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $92.82.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The firm had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. During the same period in the prior year, the firm earned $1.92 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.16%. Allison Transmission’s dividend payout ratio is 13.35%.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the sale, the senior vice president now owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Monday, September 2nd. Raymond James began coverage on Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 price target for the company. Robert W. Baird raised their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Citigroup initiated coverage on Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $79.57.

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.