Coppell Advisory Solutions LLC Cuts Stake in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Coppell Advisory Solutions cut its Allison Transmission stake by 43% in the second quarter, selling 19,662 shares and retaining 26,074 shares valued at approximately $29,000. Institutional investors collectively own 96.9% of the company.
• Analysts maintain a generally positive outlook, with Allison Transmission carrying a consensus “Moderate Buy” rating and an average price target of $131.17. Recent target changes ranged from $125 to $145.
• Allison reported strong quarterly results, posting $2.73 in earnings per share and $1.57 billion in revenue, exceeding estimates and representing 92.4% year-over-year revenue growth. The company also pays a quarterly dividend of $0.29, or $1.16 annually.

Coppell Advisory Solutions LLC lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 43.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,074 shares of the auto parts company's stock after selling 19,662 shares during the period. Coppell Advisory Solutions LLC's holdings in Allison Transmission were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Gamco Investors INC. ET AL grew 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 valued at $758,000 after acquiring an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Allison Transmission by 16.7% during 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% during the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company's stock valued at $2,554,000 after purchasing an additional 106 shares during the last quarter. Xponance LLC grew its position in shares of Allison Transmission by 2.0% during the fourth quarter. Xponance LLC now owns 5,535 shares of the auto parts company's stock valued at $542,000 after purchasing an additional 107 shares in the last quarter. Finally, Evoke Wealth LLC grew its position in shares of Allison Transmission by 5.5% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on ALSN. Morgan Stanley boosted their target price on Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, July 17th. Citigroup cut their price target on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.17.

Allison Transmission Stock Up 1.5%

Shares of ALSN opened at $128.56 on Friday. The firm has a market capitalization of $10.62 billion, a P/E ratio of 20.44, a P/E/G ratio of 0.68 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The firm has a fifty day moving average price of $120.57 and a 200-day moving average price of $120.12.

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

Allison Transmission Announces Dividend

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

Insider Buying and Selling

In related news, insider Eric Scroggins sold 1,050 shares of the stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Graziosi sold 26,708 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $132.97, for a total value of $3,551,362.76. Following the transaction, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

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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