Allspring Global Investments Holdings LLC Sells 39,020 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Allspring Global Investments Holdings LLC trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 13.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 254,733 shares of the auto parts company's stock after selling 39,020 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.30% of Allison Transmission worth $24,798,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ALSN. Transce3nd LLC bought a new position in Allison Transmission during the fourth quarter worth $25,000. Vermillion Wealth Management Inc. acquired a new position in Allison Transmission in the 4th quarter valued at about $31,000. MassMutual Private Wealth & Trust FSB grew its stake in Allison Transmission by 363.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after buying an additional 392 shares during the last quarter. Whittier Trust Co. bought a new position in Allison Transmission in the 4th quarter valued at about $61,000. Finally, GeoWealth Management LLC acquired a new stake in Allison Transmission during the fourth quarter worth approximately $65,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of the company'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 completion of the sale, the vice president 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

Allison Transmission stock traded up $0.16 during mid-day trading on Friday, reaching $97.87. 828,293 shares of the company were exchanged, compared to its average volume of 669,187. The firm has a market cap of $8.25 billion, a PE ratio of 11.33 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37. The company has a fifty day simple moving average of $99.21 and a 200-day simple moving average of $101.60. Allison Transmission Holdings, Inc. has a 12 month low of $74.28 and a 12 month high of $122.53.

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

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's dividend payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. decreased their price objective on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group increased their price objective on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Citigroup reduced their target price 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. Finally, Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $99.00.

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.