Marietta Investment Partners LLC Decreases Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• Marietta Investment Partners LLC reduced its holdings in Allison Transmission by 68.2%, selling 13,030 shares to now own 6,080 shares valued at approximately $582,000.
• Insider VP Ryan A. Milburn sold 3,412 shares of Allison Transmission, which decreased his ownership by 22.25% and has left him with 11,924 shares valued at around $1.25 million.
• Analysts have predominantly rated Allison Transmission as a "Hold," with a current consensus target price of $98.38, reflecting multiple downgrades from previous ratings.

Marietta Investment Partners LLC trimmed its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 68.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,080 shares of the auto parts company's stock after selling 13,030 shares during the period. Marietta Investment Partners LLC's holdings in Allison Transmission were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new position in Allison Transmission in the 4th quarter worth approximately $42,000. LPL Financial LLC grew its holdings in Allison Transmission by 13.0% during the fourth quarter. LPL Financial LLC now owns 77,344 shares of the auto parts company's stock valued at $8,358,000 after purchasing an additional 8,898 shares during the period. Caisse Des Depots ET Consignations acquired a new position in Allison Transmission during the fourth quarter valued at approximately $1,533,000. Norges Bank acquired a new position in shares of Allison Transmission in the fourth quarter valued at approximately $108,916,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Allison Transmission in the fourth quarter valued at approximately $143,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Price Performance

ALSN traded down $0.33 during trading on Wednesday, reaching $87.97. 139,798 shares of the company were exchanged, compared to its average volume of 773,067. Allison Transmission Holdings, Inc. has a 12-month low of $78.71 and a 12-month high of $122.53. The company's 50-day moving average is $95.93 and its two-hundred day moving average is $99.33. 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 company has a market cap of $7.41 billion, a price-to-earnings ratio of 10.16 and a beta of 0.96.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 23.55% and a return on equity of 46.97%. Allison Transmission's revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $1.90 earnings per share. Research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's dividend payout ratio is presently 12.50%.

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the sale, the vice president directly owned 11,924 shares in the company, valued at approximately $1,254,881.76. This trade represents a 22.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on ALSN shares. Morgan Stanley raised their price objective on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Raymond James Financial reduced their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Bank of America increased their price objective on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Citigroup reduced their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and an average price target of $98.38.

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.