Boston Partners Has $102.69 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• Boston Partners has reduced its stake in Allison Transmission Holdings, Inc. by 1.5%, selling 16,346 shares and owning 1,073,891 shares at a value of $102,687,000 as of the end of the most recent quarter.
• Allison Transmission will pay a quarterly dividend of $0.27 on August 29th, representing an annualized yield of 1.2% and a payout ratio of 12.27%.
• The company reported earnings of $2.29 per share for the latest quarter, surpassing analysts' expectations of $2.20, and expects a forecasted EPS of 9.06 for the current fiscal year.

Boston Partners cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,073,891 shares of the auto parts company's stock after selling 16,346 shares during the quarter. Boston Partners owned approximately 1.27% of Allison Transmission worth $102,687,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Allison Transmission by 4,877.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock worth $48,035,000 after acquiring an additional 435,587 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Allison Transmission in the 4th quarter valued at $41,081,000. Federated Hermes Inc. lifted its holdings in shares of Allison Transmission by 19.0% during the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock worth $108,897,000 after acquiring an additional 181,568 shares during the period. GAMMA Investing LLC boosted its position in shares of Allison Transmission by 10,402.1% during the 1st quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock valued at $14,187,000 after acquiring an additional 146,877 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Allison Transmission by 26.4% in the first quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock valued at $61,250,000 after acquiring an additional 133,635 shares during the period. Institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

ALSN has been the subject of several analyst reports. Bank of America raised their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. The Goldman Sachs Group lifted their price objective on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup cut their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Finally, Morgan Stanley boosted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. 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. According to data from MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and a consensus price target of $98.38.

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Allison Transmission Trading Down 2.2%

Shares of ALSN stock traded down $1.96 on Friday, reaching $86.91. The company had a trading volume of 1,321,896 shares, compared to its average volume of 1,126,062. The stock has a market cap of $7.27 billion, a PE ratio of 9.88 and a beta of 0.97. The company has a 50-day moving average of $92.04 and a 200-day moving average of $96.70. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same period last year, the business posted $2.13 earnings per share. The business'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 year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission's payout ratio is presently 12.27%.

Allison Transmission Company 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.