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

Janney Montgomery Scott LLC lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 about 0.09% of Allison Transmission worth $7,251,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in Allison Transmission by 0.4% in the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock worth $2,733,000 after acquiring an additional 100 shares during the period. Vident Advisory LLC grew its holdings in shares of Allison Transmission by 1.0% during the 4th quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after purchasing an additional 102 shares during the period. Amalgamated Bank increased its position in shares of Allison Transmission by 1.6% during the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock worth $690,000 after purchasing an additional 103 shares during the last quarter. Principal Securities Inc. raised its holdings in 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 buying an additional 129 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in 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 buying an additional 137 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value 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 $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 1,788 shares of the company's stock in a transaction on 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 transaction, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This represents a 10.41% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Down 0.5%

NYSE ALSN traded down $0.47 during trading hours on Wednesday, hitting $92.96. 669,378 shares of the company were exchanged, compared to its average volume of 663,687. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 10.81 and a beta of 1.00. The company has a 50 day moving average of $98.13 and a two-hundred day moving average of $102.55. Allison Transmission Holdings, Inc. has a 52-week low of $73.65 and a 52-week 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 for the quarter, topping 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 firm had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. During the same period in the prior year, the firm earned $1.90 earnings per share. The business's quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.27 per share. The ex-dividend date was Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.16%. Allison Transmission's dividend payout ratio (DPR) is currently 12.50%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target 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. Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday. The Goldman Sachs Group upped their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Citigroup dropped their price objective on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $99.00.

Allison Transmission Profile

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.