Seizert Capital Partners LLC Has $57.99 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Seizert Capital Partners LLC trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 606,146 shares of the auto parts company's stock after selling 26,335 shares during the quarter. Allison Transmission makes up 2.7% of Seizert Capital Partners LLC's portfolio, making the stock its 8th biggest position. Seizert Capital Partners LLC owned 0.72% of Allison Transmission worth $57,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new position in shares of Allison Transmission in the fourth quarter worth $25,000. Vermillion Wealth Management Inc. bought a new position in shares of Allison Transmission in the fourth quarter worth $31,000. SRH Advisors LLC grew its stake in shares of Allison Transmission by 95.0% in the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock worth $45,000 after purchasing an additional 228 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Allison Transmission by 363.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after purchasing an additional 392 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Allison Transmission by 32.8% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock worth $61,000 after buying an additional 157 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Trading Down 2.6%

Shares of Allison Transmission stock traded down $2.35 on Friday, hitting $87.72. 1,290,605 shares of the company's stock traded hands, compared to its average volume of 902,193. The firm's 50-day moving average price is $95.03 and its two-hundred day moving average price is $98.90. The stock has a market capitalization of $7.39 billion, a PE ratio of 10.15 and a beta of 0.97. Allison Transmission Holdings, Inc. has a one year low of $78.71 and a one year high of $122.53. 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 (NYSE:ALSN - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS. On average, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is currently 12.50%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president directly owned 11,924 shares in the company, valued at approximately $1,254,881.76. This trade represents a 22.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ALSN has been the subject of several research reports. Bank of America raised their price objective on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Raymond James Financial decreased their price objective on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Robert W. Baird dropped their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley upped their price target on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Allison Transmission presently has an average rating of "Hold" and a consensus price target of $98.38.

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.