Allison Transmission Holdings, Inc. (NYSE:ALSN) is Klein Pavlis & Peasley Financial Inc.'s 10th Largest Position

Key Points

• Klein Pavlis & Peasley Financial Inc. increased its holdings in Allison Transmission Holdings, Inc. by 23.9% during the first quarter, now owning 41,129 shares valued at approximately $4 million.
• Allison Transmission recently declared a quarterly dividend of $0.27, representing an annual yield of 1.2% and a payout ratio of 12.5%.
• The company reported $2.23 earnings per share for the last quarter, exceeding analyst expectations, despite a slight decline in revenue year-over-year.

Klein Pavlis & Peasley Financial Inc. boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 23.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,129 shares of the auto parts company's stock after acquiring an additional 7,931 shares during the quarter. Allison Transmission accounts for about 2.9% of Klein Pavlis & Peasley Financial Inc.'s portfolio, making the stock its 10th largest position. Klein Pavlis & Peasley Financial Inc.'s holdings in Allison Transmission were worth $4,004,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ALSN. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Allison Transmission by 4,877.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock valued at $48,035,000 after purchasing an additional 435,587 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Allison Transmission in the 4th quarter valued at $41,081,000. FMR LLC boosted its stake in shares of Allison Transmission by 1.9% in the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock valued at $1,404,025,000 after purchasing an additional 247,318 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Allison Transmission by 19.0% in the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock valued at $108,897,000 after purchasing an additional 181,568 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Allison Transmission by 10,402.1% in the 1st quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock valued at $14,187,000 after purchasing an additional 146,877 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the transaction, the vice president owned 11,924 shares in the company, valued at approximately $1,254,881.76. This represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Allison Transmission Stock Up 2.0%

Shares of ALSN stock traded up $1.76 on Wednesday, hitting $88.18. The stock had a trading volume of 927,658 shares, compared to its average volume of 797,133. The business has a 50 day moving average of $94.38 and a 200 day moving average of $98.35. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 10.02 and a beta of 0.97. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37. Allison Transmission Holdings, Inc. has a 12-month low of $80.39 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. The company had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 46.30%. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 earnings per share. As a group, analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Analysts Set New Price Targets

ALSN has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Citigroup dropped their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Bank of America boosted their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research report on Monday, June 16th. Finally, Raymond James Financial dropped their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of "Hold" and a consensus price target of $98.38.

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.