Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 15.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,963 shares of the auto parts company’s stock after selling 362 shares during the period. Impact Partnership Wealth LLC’s holdings in Allison Transmission were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Allison Transmission by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock valued at $1,661,000 after buying an additional 100 shares in the last quarter. Quarry LP grew its stake in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after buying an additional 114 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Allison Transmission by 3.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock valued at $355,000 after buying an additional 126 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after buying an additional 162 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Allison Transmission by 4.4% in the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock valued at $382,000 after buying an additional 167 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALSN has been the subject of a number of research reports. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. Citigroup lowered their target price on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group boosted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Finally, Robert W. Baird boosted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $101.38.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at $695,928. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,639 shares of company stock valued at $2,683,537. Insiders own 1.10% of the company’s stock.

Allison Transmission Trading Down 0.7 %

NYSE:ALSN opened at $119.54 on Friday. The stock has a 50-day simple moving average of $114.19 and a 200-day simple moving average of $100.72. The stock has a market cap of $10.35 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.90 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 1 year low of $58.77 and a 1 year high of $122.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the prior year, the firm posted $1.76 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission’s payout ratio is currently 12.18%.

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.