Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC raised its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 26.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,010 shares of the auto parts company's stock after purchasing 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new position in Allison Transmission during the fourth quarter valued at approximately $1,140,000. Principal Securities Inc. increased its holdings in shares of Allison Transmission by 7.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $210,000 after acquiring an additional 129 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Allison Transmission by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 2,679 shares of the auto parts company's stock valued at $289,000 after acquiring an additional 137 shares during the period. Truist Financial Corp raised its position in shares of Allison Transmission by 20.6% in the 4th quarter. Truist Financial Corp now owns 12,368 shares of the auto parts company's stock worth $1,337,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Allison Transmission by 62.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,212 shares of the auto parts company's stock worth $131,000 after purchasing an additional 468 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

Insider Activity

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president now owns 11,924 shares of the company's stock, valued at $1,254,881.76. The trade was a 22.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 1,788 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction 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 $1,466,938.04. This trade represents 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.

Analysts Set New Price Targets

A number of equities analysts have commented on ALSN shares. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Citigroup decreased their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Raymond James Financial lowered their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Robert W. Baird reduced their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $98.38.

Allison Transmission Stock Performance

ALSN stock traded down $1.56 during trading on Friday, hitting $90.66. 1,511,094 shares of the company traded hands, compared to its average volume of 664,769. Allison Transmission Holdings, Inc. has a 1 year low of $73.65 and a 1 year high of $122.53. The company has a market cap of $7.64 billion, a PE ratio of 10.49 and a beta of 1.00. The stock's 50-day simple moving average is $97.93 and its 200 day simple moving average is $103.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share 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 company earned $1.90 earnings per share. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's payout ratio is 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.