Allison Transmission Holdings, Inc. $ALSN Stock Position Lowered by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors cut its stake in Allison Transmission by 92.8% in Q4, selling 87,753 shares and leaving 6,769 shares worth about $663,000.
• Allison beat quarterly expectations with EPS of $2.57 versus $2.10 and revenue of $1.41B versus $1.38B (revenue up 83.6% YoY), and declared a quarterly dividend of $0.29 ($1.16 annualized, ~0.9% yield).
• Analysts are mixed: MarketBeat shows a consensus rating of "Hold" with a $115.38 price target, although several firms have recently raised their targets (e.g., Wells Fargo to $137, Oppenheimer to $135).

Sanctuary Advisors LLC decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 92.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,769 shares of the auto parts company's stock after selling 87,753 shares during the quarter. Sanctuary Advisors LLC's holdings in Allison Transmission were worth $663,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ALSN. Rossby Financial LCC raised its position in Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company's stock worth $25,000 after acquiring an additional 153 shares in the last quarter. First Horizon Corp bought a new position in shares of Allison Transmission during the 3rd quarter valued at about $40,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Allison Transmission in the 4th quarter worth approximately $51,000. Advisory Services Network LLC bought a new stake in shares of Allison Transmission in the 3rd quarter worth approximately $61,000. Finally, Quent Capital LLC bought a new stake in shares of Allison Transmission in the 3rd quarter worth approximately $79,000. Institutional investors own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an "equal weight" rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Allison Transmission from $87.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, January 14th. Citigroup increased their price objective on Allison Transmission from $130.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, April 13th. Weiss Ratings lowered Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, February 25th. Finally, Oppenheimer lifted their target price on Allison Transmission from $115.00 to $135.00 and gave the stock an "outperform" rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Allison Transmission has a consensus rating of "Hold" and a consensus price target of $115.38.

Insiders Place Their Bets

In related news, insider Eric C. Scroggins sold 1,313 shares of the 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 completion of the sale, the insider directly owned 17,654 shares of the company's stock, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Down 3.5%

Shares of NYSE:ALSN opened at $123.23 on Friday. The firm has a 50 day simple moving average of $122.33 and a 200 day simple moving average of $106.76. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. The company has a market cap of $10.24 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 0.70 and a beta of 1.01.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.47. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.93%. The company's revenue was up 83.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.23 EPS. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 9.68 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, May 18th. Allison Transmission's payout ratio is presently 15.83%.

About Allison Transmission

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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