Clifford Swan Investment Counsel LLC Sells 12,643 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Clifford Swan Investment Counsel reduced its Allison Transmission stake by 3.8%, selling 12,643 shares and retaining 316,379 shares valued at approximately $35.7 million. Institutional investors collectively own 96.9% of the company.
• Allison insiders also sold shares, including CEO David S. Graziosi, who sold 26,708 shares for roughly $3.55 million. Company insiders own about 1.1% of outstanding shares.
• Allison reported stronger-than-expected quarterly results, with $2.73 in EPS and $1.57 billion in revenue, up 92.4% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $131.17, while the company pays a $0.29 quarterly dividend.

Clifford Swan Investment Counsel LLC trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,379 shares of the auto parts company's stock after selling 12,643 shares during the quarter. Allison Transmission accounts for approximately 1.1% of Clifford Swan Investment Counsel LLC's holdings, making the stock its 26th biggest holding. Clifford Swan Investment Counsel LLC owned approximately 0.38% of Allison Transmission worth $35,669,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ALSN. Gamco Investors INC. ET AL increased its stake in Allison Transmission by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company's stock worth $758,000 after acquiring an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Allison Transmission by 16.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 105 shares during the last quarter. Villanova Investment Management Co LLC boosted its holdings in shares of Allison Transmission by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company's stock worth $2,554,000 after purchasing an additional 106 shares during the period. Xponance LLC boosted its holdings in shares of Allison Transmission by 2.0% in the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company's stock worth $542,000 after purchasing an additional 107 shares during the period. Finally, Evoke Wealth LLC increased its position in shares of Allison Transmission by 5.5% during the 4th quarter. Evoke Wealth LLC now owns 2,541 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 26,708 shares of Allison Transmission stock in a transaction on Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the sale, the chief executive officer directly owned 304,843 shares of the company's stock, valued at $40,534,973.71. The trade was a 8.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eric C. Scroggins sold 1,050 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the sale, the insider owned 16,604 shares of the company's stock, valued at $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Allison Transmission from $140.00 to $145.00 and gave the company a "neutral" rating in a report on Monday, July 13th. Wells Fargo & Company boosted their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Morgan Stanley raised their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, July 17th. Finally, Citigroup dropped their price target on shares of Allison Transmission from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.17.

Allison Transmission Price Performance

Shares of ALSN stock opened at $125.98 on Tuesday. The stock has a 50 day moving average price of $120.22 and a 200 day moving average price of $119.92. The firm has a market capitalization of $10.40 billion, a P/E ratio of 20.03, a P/E/G ratio of 0.68 and a beta of 0.95. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $2.29 earnings per share. The business's revenue was up 92.4% compared to the same quarter last year. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission's dividend payout ratio is 18.44%.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company's products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison's core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.

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