Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Position Raised by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 70.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,400 shares of the auto parts company's stock after acquiring an additional 4,300 shares during the period. Allison Transmission comprises approximately 1.7% of Cannon Global Investment Management LLC's holdings, making the stock its 9th largest position. Cannon Global Investment Management LLC's holdings in Allison Transmission were worth $995,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ALSN. Transce3nd LLC purchased a new stake in shares of Allison Transmission during the fourth quarter worth about $25,000. Vermillion Wealth Management Inc. bought a new position in Allison Transmission during the fourth quarter valued at $31,000. Proficio Capital Partners LLC purchased a new stake in Allison Transmission in the 4th quarter worth about $42,000. MassMutual Private Wealth & Trust FSB increased 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 worth $48,000 after purchasing an additional 392 shares during the period. Finally, Whittier Trust Co. bought a new stake in shares of Allison Transmission during the fourth quarter valued at approximately $61,000. Institutional investors own 96.90% of the company's stock.

Allison Transmission Price Performance

Shares of ALSN traded up $0.16 during mid-day trading on Thursday, hitting $97.87. 828,293 shares of the company were exchanged, compared to its average volume of 667,334. Allison Transmission Holdings, Inc. has a 1-year low of $73.80 and a 1-year high of $122.53. The company has a 50 day moving average of $98.97 and a 200-day moving average of $101.81. 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 stock has a market cap of $8.25 billion, a price-to-earnings ratio of 11.33 and a beta of 0.96.

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 analysts' consensus estimates of $1.97 by $0.26. The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

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

Wall Street Analysts Forecast Growth

ALSN has been the topic of several recent research reports. Robert W. Baird dropped their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. JPMorgan Chase & Co. dropped their price target 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. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Citigroup dropped their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and a consensus target price of $99.00.

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of the firm'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 in the company, valued at $1,254,881.76. This trade represents a 22.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

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.