LSV Asset Management Has $251.12 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• LSV Asset Management has decreased its stake in Allison Transmission by 7.9%, now owning approximately $251 million worth of shares after selling 224,434 during the first quarter.
• Allison Transmission has recently announced a quarterly dividend of $0.27 per share, reflecting a 1.2% yield and a payout ratio of 12.50%.
• An analyst rating overview shows that Allison Transmission has an average rating of "Hold" with price targets ranging from $74.00 to $100.00 across various institutions.

LSV Asset Management reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,624,870 shares of the auto parts company's stock after selling 224,434 shares during the quarter. LSV Asset Management owned about 3.12% of Allison Transmission worth $251,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its position in Allison Transmission by 1.9% during the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock valued at $1,404,025,000 after purchasing an additional 247,318 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Allison Transmission by 3.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock worth $286,683,000 after buying an additional 76,840 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Allison Transmission by 19.0% during the first quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock worth $108,897,000 after buying an additional 181,568 shares during the period. Jennison Associates LLC boosted its position in Allison Transmission by 26.4% during the 1st quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock valued at $61,250,000 after acquiring an additional 133,635 shares in the last quarter. Finally, Driehaus Capital Management LLC raised its position in shares of Allison Transmission by 5.2% in the 4th quarter. Driehaus Capital Management LLC now owns 505,321 shares of the auto parts company's stock worth $54,605,000 after acquiring an additional 24,811 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on ALSN. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Bank of America raised their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Raymond James Financial lowered their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Finally, Citigroup reduced 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, June 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $98.38.

Allison Transmission Price Performance

Shares of NYSE:ALSN traded up $0.42 during trading on Monday, hitting $88.11. 1,301,321 shares of the stock were exchanged, compared to its average volume of 966,725. The company has a market cap of $7.42 billion, a PE ratio of 10.20 and a beta of 0.97. 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 has a fifty day moving average price of $95.03 and a two-hundred day moving average price of $98.65. Allison Transmission Holdings, Inc. has a 12-month low of $78.71 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.22 by $0.07. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. During the same period last year, the firm earned $2.13 earnings per share. The company's revenue for the quarter was down .2% on a year-over-year basis. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's payout ratio is presently 12.50%.

Insider Activity

In other news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the transaction, the vice president owned 11,924 shares of the company's stock, valued at approximately $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

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.