Universal Beteiligungs und Servicegesellschaft mbH Trims Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in Allison Transmission by 20.7%, selling 25,972 shares, and now owns approximately 0.12% of the company.
• Allison Transmission's recent quarterly earnings reported $2.23 earnings per share which exceeded estimates, but the company's revenue of $766 million fell short of analyst expectations.
• The company declared a quarterly dividend of $0.27 per share, translating to an annual yield of 1.21%, with a payout ratio of 12.50%.

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 20.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,421 shares of the auto parts company's stock after selling 25,972 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Allison Transmission worth $9,512,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ALSN. Proficio Capital Partners LLC bought a new position in Allison Transmission in the 4th quarter worth about $42,000. LPL Financial LLC boosted its stake in Allison Transmission by 13.0% in the 4th quarter. LPL Financial LLC now owns 77,344 shares of the auto parts company's stock worth $8,358,000 after purchasing an additional 8,898 shares in the last quarter. Caisse Des Depots ET Consignations bought a new position in Allison Transmission during the 4th quarter valued at about $1,533,000. Norges Bank bought a new position in Allison Transmission during the 4th quarter valued at about $108,916,000. Finally, New Age Alpha Advisors LLC bought a new position in Allison Transmission during the 4th quarter valued at about $143,000. Institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ALSN. Morgan Stanley upped their target price on shares of 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 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. Robert W. Baird lowered 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 note on Tuesday, April 15th. Citigroup lowered 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 note on Tuesday, June 24th. Finally, Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $98.38.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the sale, the vice president directly owned 11,924 shares of the company's stock, valued at approximately $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 can be accessed through this link. Corporate insiders own 1.20% of the company's stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded down $0.31 during midday trading on Tuesday, hitting $87.75. 177,388 shares of the company's stock traded hands, compared to its average volume of 773,880. Allison Transmission Holdings, Inc. has a 1 year low of $78.71 and a 1 year high of $122.53. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 10.16 and a beta of 0.96. 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 firm has a fifty day moving average of $96.28 and a 200 day moving average of $99.41.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly 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. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The firm had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same quarter in the prior year, the firm earned $1.90 EPS. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.23%. The ex-dividend date was Monday, May 19th. Allison Transmission's dividend payout ratio is 12.50%.

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.