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

Nisa Investment Advisors LLC trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 37.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Transce3nd LLC bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $25,000. Vermillion Wealth Management Inc. bought a new position in shares of Allison Transmission in the 4th quarter worth $31,000. Proficio Capital Partners LLC bought a new position in shares of Allison Transmission in the 4th quarter worth $42,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Allison Transmission by 363.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after purchasing an additional 392 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in shares of Allison Transmission in the 4th quarter worth $61,000. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America increased their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Citigroup decreased their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Raymond James Financial decreased their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, The Goldman Sachs Group increased 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $99.00.

Allison Transmission Price Performance

NYSE ALSN traded down $0.48 during trading hours on Wednesday, hitting $89.07. The company had a trading volume of 768,761 shares, compared to its average volume of 677,386. Allison Transmission Holdings, Inc. has a 52 week low of $78.71 and a 52 week high of $122.53. The firm has a 50 day simple moving average of $98.99 and a 200 day simple moving average of $100.80. 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 has a market capitalization of $7.50 billion, a price-to-earnings ratio of 10.31 and a beta of 0.96.

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

Allison Transmission Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.21%. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

Insider Buying and Selling at Allison Transmission

In related news, VP Ryan A. Milburn sold 3,412 shares of the firm's 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 transaction, the vice president directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.