Copeland Capital Management LLC Sells 397,694 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Copeland Capital Management LLC lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 67.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,921 shares of the auto parts company's stock after selling 397,694 shares during the quarter. Copeland Capital Management LLC owned about 0.22% of Allison Transmission worth $18,266,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ALSN. 111 Capital purchased a new position in shares of Allison Transmission during the 4th quarter valued at approximately $599,000. Jefferies Financial Group Inc. acquired a new position in shares of Allison Transmission during the fourth quarter valued at $901,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Allison Transmission by 35.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock valued at $6,245,000 after acquiring an additional 14,994 shares during the period. EAM Investors LLC acquired a new position in shares of Allison Transmission during the fourth quarter valued at $5,766,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Allison Transmission by 14.5% during the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock valued at $5,729,000 after acquiring an additional 6,728 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ALSN shares. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup cut their price objective on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Robert W. Baird cut their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Bank of America lifted their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Finally, The Goldman Sachs Group boosted their price target on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $99.00.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now directly owns 11,924 shares of the company's stock, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Coll sold 1,788 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. The trade was a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Up 0.6%

NYSE ALSN traded up $0.58 during trading on Friday, hitting $94.69. The stock had a trading volume of 1,359,795 shares, compared to its average volume of 665,008. The company has a market capitalization of $7.98 billion, a PE ratio of 10.96 and a beta of 1.00. The company's 50-day moving average price is $98.46 and its two-hundred day moving average price is $102.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.37 and a current ratio of 3.05. Allison Transmission Holdings, Inc. has a 12 month low of $73.80 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.26. The firm 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%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 EPS. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is 12.50%.

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.