Allison Transmission Holdings, Inc. $ALSN Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its stake in Allison Transmission by 9.0% in the fourth quarter, selling 9,413 shares and leaving it with 95,309 shares worth about $9.33 million.
• Allison Transmission reported better-than-expected quarterly results, posting $2.57 EPS versus $2.10 expected and revenue of $1.41 billion, with sales up 83.6% year over year.
• The company declared a quarterly dividend of $0.29 per share, while analysts currently have a consensus rating of Hold and an average price target of $120.29.

Royce & Associates LP trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,309 shares of the auto parts company's stock after selling 9,413 shares during the period. Royce & Associates LP owned approximately 0.11% of Allison Transmission worth $9,331,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in shares of Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock worth $27,617,000 after acquiring an additional 223,253 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Allison Transmission by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company's stock worth $20,560,000 after acquiring an additional 11,542 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Allison Transmission by 9.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company's stock worth $180,000 after acquiring an additional 165 shares during the period. EverSource Wealth Advisors LLC raised its position in Allison Transmission by 441.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company's stock valued at $97,000 after purchasing an additional 830 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Allison Transmission in the 2nd quarter valued at about $6,111,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

NYSE:ALSN opened at $113.57 on Friday. The firm has a market capitalization of $9.42 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.62 and a beta of 1.01. The business's fifty day moving average price is $121.15 and its 200 day moving average price is $110.27. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.10 by $0.47. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.Allison Transmission's revenue for the quarter was up 83.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.23 earnings per share. On average, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.86 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.16 annualized dividend and a yield of 1.0%. Allison Transmission's payout ratio is 18.04%.

Insider Activity at Allison Transmission

In related news, CFO Scott A. Mell sold 2,270 shares of the firm's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the transaction, the chief financial officer owned 1,053 shares of the company's stock, valued at $131,625. This trade represents a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the insider directly owned 17,654 shares in the company, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALSN. Oppenheimer increased their price target on Allison Transmission from $115.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday, February 24th. Weiss Ratings cut shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, May 21st. Zacks Research cut shares of Allison Transmission from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 24th. Wells Fargo & Company raised their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the company an "equal weight" rating in a report on Wednesday, May 6th. Finally, Morgan Stanley raised their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the company an "equal weight" rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of "Hold" and an average target price of $120.29.

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.

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