Nisa Investment Advisors LLC Decreases Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Nisa Investment Advisors LLC decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 37.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,409 shares of the auto parts company's stock after selling 19,116 shares during the period. Nisa Investment Advisors LLC's holdings in Allison Transmission were worth $3,101,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings 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 worth $1,404,025,000 after buying an additional 247,318 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Allison Transmission by 3.0% during the 4th 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. Loomis Sayles & Co. L P lifted its holdings in Allison Transmission by 301.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after buying an additional 1,785,687 shares in the last quarter. Norges Bank acquired a new stake in Allison Transmission during the 4th quarter worth approximately $108,916,000. Finally, Federated Hermes Inc. lifted its holdings in Allison Transmission by 3.9% during the 4th quarter. Federated Hermes Inc. now owns 956,691 shares of the auto parts company's stock worth $103,380,000 after buying an additional 36,065 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Bank of America increased their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. 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 research report on Friday, April 11th. Robert W. Baird dropped their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, 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 report on Tuesday, May 27th. 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, the company has an average rating of "Hold" and a consensus price target of $99.00.

Allison Transmission Stock Down 3.9%

Shares of NYSE:ALSN traded down $3.76 during trading hours on Friday, reaching $91.75. The stock had a trading volume of 924,841 shares, compared to its average volume of 676,056. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.37 and a current ratio of 3.05. The firm's 50 day moving average is $99.30 and its 200-day moving average is $101.07. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 10.62 and a beta of 0.96. Allison Transmission Holdings, Inc. has a 1 year low of $77.39 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results 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. 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 the consensus estimate of $792.18 million. During the same period last year, the firm posted $1.90 EPS. The company's revenue was down 2.9% on a year-over-year basis. Research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's payout ratio is currently 12.50%.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the sale, the vice president owned 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 accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

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.