CWA Asset Management Group LLC Raises Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

CWA Asset Management Group LLC increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 26.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,010 shares of the auto parts company's stock after buying an additional 3,117 shares during the period. CWA Asset Management Group LLC's holdings in Allison Transmission were worth $1,436,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in Allison Transmission in the 4th quarter worth about $25,000. Kestra Investment Management LLC purchased a new position in Allison Transmission during the 4th quarter valued at about $30,000. Vermillion Wealth Management Inc. purchased a new position in Allison Transmission during the 4th quarter valued at about $31,000. MassMutual Private Wealth & Trust FSB increased its position in Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after purchasing an additional 392 shares during the period. Finally, Whittier Trust Co. purchased a new position in Allison Transmission during the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ALSN. Raymond James Financial cut their target price on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Citigroup cut their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Bank of America raised their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research report on Monday, June 16th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $98.38.

Allison Transmission Stock Up 2.4%

Shares of NYSE:ALSN traded up $2.14 during trading on Monday, reaching $92.94. The stock had a trading volume of 867,448 shares, compared to its average volume of 663,641. Allison Transmission Holdings, Inc. has a one year low of $73.65 and a one year high of $122.53. The company has a market capitalization of $7.83 billion, a P/E ratio of 10.76 and a beta of 1.00. The company has a current ratio of 3.05, a quick ratio of 2.37 and a debt-to-equity ratio of 1.44. The firm's 50-day simple moving average is $97.97 and its 200 day simple moving average is $102.79.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. Allison Transmission's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the business earned $1.90 EPS. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's dividend payout ratio is presently 12.50%.

Insiders Place Their Bets

In related news, SVP John Coll sold 1,788 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. The trade was a 10.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, 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 disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

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.