Hsbc Holdings PLC Has $7.39 Million Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• HSBC reduced its Allison Transmission stake by 70.8% in the second quarter, selling 158,488 shares and retaining 65,423 shares valued at approximately $7.39 million. Institutional investors collectively own 96.9% of the company.
• Allison reported quarterly revenue of $1.57 billion and earnings of $2.73 per share, exceeding analyst estimates; revenue rose 92.4% year over year. Analysts anticipate full-year EPS of $10.27.
• The company pays a quarterly dividend of $0.29 per share, equivalent to a 0.9% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $131.17, while company insiders recently sold shares.

Hsbc Holdings PLC lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 70.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,423 shares of the auto parts company's stock after selling 158,488 shares during the quarter. Hsbc Holdings PLC owned 0.08% of Allison Transmission worth $7,387,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Millstone Evans Group LLC bought a new position in shares of Allison Transmission during the first quarter valued at $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Allison Transmission in the 1st quarter worth about $27,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Allison Transmission during the 1st quarter worth about $28,000. Larson Financial Group LLC increased its position in shares of Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company's stock worth $31,000 after purchasing an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company's stock valued at $35,000 after purchasing an additional 338 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

Allison Transmission stock opened at $128.44 on Thursday. The business's 50-day simple moving average is $121.66 and its 200 day simple moving average is $120.48. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 20.42, 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 quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted $2.29 EPS. The company's revenue was up 92.4% compared to the same quarter last year. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 10.27 earnings per share for the current year.

Allison Transmission Announces Dividend

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Allison Transmission news, insider Eric Scroggins sold 1,050 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the sale, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was a 5.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David Graziosi sold 26,708 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the transaction, the chief executive officer directly owned 304,843 shares in the company, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Allison Transmission Profile

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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