Kingsview Wealth Management LLC Has $9.25 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Kingsview Wealth Management LLC decreased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,646 shares of the auto parts company's stock after selling 6,378 shares during the period. Kingsview Wealth Management LLC owned about 0.11% of Allison Transmission worth $9,246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in Allison Transmission in the fourth quarter valued at $25,000. Vermillion Wealth Management Inc. acquired a new stake in Allison Transmission in the fourth quarter valued at $31,000. Proficio Capital Partners LLC bought a new stake in Allison Transmission during the fourth quarter valued at $42,000. MassMutual Private Wealth & Trust FSB increased its stake in Allison Transmission by 363.0% during 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 during the last quarter. Finally, Whittier Trust Co. bought a new stake in Allison Transmission during the fourth quarter valued at $61,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 3,412 shares of the 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 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 SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Stock Down 2.2%

Shares of NYSE ALSN traded down $1.92 during mid-day trading on Friday, reaching $87.00. The company had a trading volume of 1,280,653 shares, compared to its average volume of 680,597. The stock has a fifty day moving average of $98.63 and a two-hundred day moving average of $100.59. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.37 and a current ratio of 3.05. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 10.07 and a beta of 0.96. Allison Transmission Holdings, Inc. has a 12-month low of $78.71 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The firm had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. During the same quarter in the prior year, the company posted $1.90 earnings per share. The firm's revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.24%. Allison Transmission's dividend payout ratio is currently 12.50%.

Analysts Set New Price Targets

Several equities analysts have recently commented on ALSN shares. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. decreased their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Robert W. Baird decreased their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group raised their price objective 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. Finally, Citigroup reduced their price objective on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $99.00.

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.