Clark Estates Inc. NY Sells 6,777 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Clark Estates Inc. NY lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 27.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,750 shares of the auto parts company's stock after selling 6,777 shares during the quarter. Clark Estates Inc. NY's holdings in Allison Transmission were worth $1,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALSN. Norges Bank bought a new stake in shares of Allison Transmission during the fourth quarter worth $108,916,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Allison Transmission by 4,877.2% during the fourth 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 last quarter. Raymond James Financial Inc. bought a new position in Allison Transmission in the fourth quarter valued at about $41,081,000. FMR LLC grew its position in shares of Allison Transmission by 1.9% during the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares during the period. Finally, Federated Hermes Inc. grew its position 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 buying an additional 181,568 shares during the period. Institutional investors own 96.90% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ALSN. Morgan Stanley raised their price target on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group raised their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Bank of America raised their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Robert W. Baird cut their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Two 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 MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and a consensus target price of $98.38.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president owned 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded down $2.35 during trading on Friday, reaching $87.72. The company's stock had a trading volume of 1,290,605 shares, compared to its average volume of 902,193. The business's 50-day moving average price is $95.03 and its 200-day moving average price is $98.90. The firm has a market cap of $7.39 billion, a PE ratio of 10.15 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52 week low of $78.71 and a 52 week high of $122.53. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The company had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. During the same quarter in the previous year, the business posted $1.90 earnings per share. Allison Transmission's quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share 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 given a dividend of $0.27 per share. The ex-dividend date was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission's payout ratio is currently 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.