Factorial Partners LLC Has $890,000 Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• Factorial Partners LLC reduced its holdings in Allison Transmission by 56.7%, now owning 9,300 shares valued at $890,000.
• Allison Transmission reported earnings of $2.29 per share for the last quarter, exceeding estimates, with a net margin of 23.55% and forecasted EPS of 9.06 for the fiscal year.
• Analysts' price targets for Allison Transmission vary, with a consensus rating of "Hold" and a target price of $98.38.

Factorial Partners LLC cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 56.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,300 shares of the auto parts company's stock after selling 12,200 shares during the period. Factorial Partners LLC's holdings in Allison Transmission were worth $890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Transce3nd LLC acquired a new position in Allison Transmission during the fourth quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new position in Allison Transmission in the fourth quarter valued at about $31,000. SRH Advisors LLC grew its stake in Allison Transmission by 95.0% in the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after purchasing an additional 228 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in 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 valued at $48,000 after purchasing an additional 392 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Allison Transmission by 32.8% in the first quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock valued at $61,000 after purchasing an additional 157 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

NYSE:ALSN traded up $0.32 during mid-day trading on Friday, hitting $87.73. 674,701 shares of the company's stock traded hands, compared to its average volume of 1,102,243. The firm has a 50 day moving average of $93.40 and a two-hundred day moving average of $97.83. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 9.97 and a beta of 0.97. The company has a current ratio of 3.36, a quick ratio of 2.37 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. During the same quarter in the prior year, the company earned $2.13 EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ALSN. Morgan Stanley boosted their target price on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on 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 Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Robert W. Baird decreased their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Two 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $98.38.

Insider Buying and Selling

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

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.