Janney Montgomery Scott LLC Increases Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Janney Montgomery Scott LLC increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,793 shares of the auto parts company's stock after purchasing an additional 2,793 shares during the quarter. Janney Montgomery Scott LLC owned 0.09% of Allison Transmission worth $7,251,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Ritholtz Wealth Management increased its holdings in shares of Allison Transmission by 18.4% in the 1st quarter. Ritholtz Wealth Management now owns 24,602 shares of the auto parts company's stock valued at $2,354,000 after purchasing an additional 3,818 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Allison Transmission by 0.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 56,892 shares of the auto parts company's stock valued at $5,443,000 after purchasing an additional 250 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Allison Transmission by 9.8% in the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock valued at $148,000 after purchasing an additional 138 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Allison Transmission by 58.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,236 shares of the auto parts company's stock valued at $405,000 after purchasing an additional 1,567 shares in the last quarter. Finally, City State Bank grew its stake in Allison Transmission by 132.1% in the 1st quarter. City State Bank now owns 1,625 shares of the auto parts company's stock valued at $155,000 after acquiring an additional 925 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of research reports. Citigroup lowered their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Bank of America increased their price objective on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Morgan Stanley increased their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $98.38.

Insider Buying and Selling at Allison Transmission

In other news, 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 transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. This represents a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the transaction, the vice president now owns 11,924 shares in the company, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Allison Transmission Price Performance

NYSE:ALSN opened at $90.66 on Friday. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 10.49 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 company's 50-day moving average is $97.97 and its two-hundred day moving average is $102.88. Allison Transmission Holdings, Inc. has a 12-month low of $73.65 and a 12-month high of $122.53.

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

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.27 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.19%. Allison Transmission's dividend payout ratio (DPR) 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.

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