Lecap Asset Management Ltd. Has $307,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Lecap Asset Management Ltd. cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 65.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,207 shares of the auto parts company's stock after selling 6,005 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Allison Transmission were worth $307,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ALSN. Transce3nd LLC acquired a new position in shares of Allison Transmission during the fourth quarter valued at about $25,000. Vermillion Wealth Management Inc. bought a new stake in Allison Transmission in the 4th quarter valued at about $31,000. Proficio Capital Partners LLC acquired a new position in Allison Transmission during the 4th quarter worth approximately $42,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Allison Transmission by 363.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after acquiring an additional 392 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in Allison Transmission in the fourth quarter worth approximately $61,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ALSN shares. Raymond James Financial lowered their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Citigroup decreased their price objective on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday. Bank of America raised their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research report on Monday, June 16th. Finally, Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $99.00.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction dated Tuesday, April 1st. The stock was 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. The trade was a 10.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 completion of the sale, the vice president now directly 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 Stock Performance

Shares of ALSN opened at $94.15 on Friday. Allison Transmission Holdings, Inc. has a 1 year low of $73.76 and a 1 year high of $122.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37. The stock's fifty day moving average price is $98.23 and its two-hundred day moving average price is $102.48. The firm has a market cap of $7.93 billion, a PE ratio of 10.90 and a beta of 1.00.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 EPS. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Monday, May 19th. Allison Transmission's payout ratio is currently 12.50%.

Allison Transmission Company 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.

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