Danske Bank A S Sells 11,300 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Danske Bank A/S cut its stake in Allison Transmission by 92.6%, selling 11,300 shares in Q4 and leaving 900 shares worth about $88,000 per its SEC filing.
• Allison reported a strong quarter—EPS $2.57 vs. $2.10 expected and revenue $1.41B (+83.6% YoY)—and announced a quarterly dividend of $0.29 per share (annualized $1.16, ~0.9% yield).
• Shares opened at $123.23 (down ~3.5%), institutional investors own ~96.9% of the stock, and analysts have a consensus rating of Hold with an average price target of $115.38.

Danske Bank A S lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 92.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the auto parts company's stock after selling 11,300 shares during the quarter. Danske Bank A S's holdings in Allison Transmission were worth $88,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rossby Financial LCC grew its holdings in shares of Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company's stock worth $25,000 after purchasing an additional 153 shares during the last quarter. First Horizon Corp bought a new stake in shares of Allison Transmission in the 3rd quarter worth about $40,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Allison Transmission in the 4th quarter worth about $51,000. Advisory Services Network LLC bought a new stake in shares of Allison Transmission in the 3rd quarter worth about $61,000. Finally, Quent Capital LLC bought a new stake in shares of Allison Transmission in the 3rd quarter worth about $79,000. Institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Down 3.5%

Shares of NYSE:ALSN opened at $123.23 on Friday. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The company's 50-day moving average price is $122.33 and its two-hundred day moving average price is $106.76. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The firm has a market cap of $10.24 billion, a P/E ratio of 19.16, a P/E/G ratio of 0.70 and a beta of 1.01.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.93%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The company's revenue was up 83.6% on a year-over-year basis. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.68 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. Allison Transmission's dividend payout ratio is currently 15.83%.

Insider Buying and Selling

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the sale, the insider owned 17,654 shares of the company's stock, valued at $2,019,617.60. This represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ALSN shares. Citigroup upped their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a "neutral" rating in a report on Monday, April 13th. Morgan Stanley upped their target price on shares of Allison Transmission from $109.00 to $117.00 and gave the stock an "equal weight" rating in a report on Monday, March 16th. Weiss Ratings lowered shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, February 25th. Wells Fargo & Company upped their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Oppenheimer increased their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an "outperform" rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Allison Transmission has a consensus rating of "Hold" and an average price target of $115.38.

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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