Norris Perne & French LLP MI Has $28.69 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Norris Perne & French LLP MI cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 299,890 shares of the auto parts company's stock after selling 8,244 shares during the period. Allison Transmission accounts for 2.2% of Norris Perne & French LLP MI's holdings, making the stock its 13th largest position. Norris Perne & French LLP MI owned about 0.35% of Allison Transmission worth $28,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its holdings in Allison Transmission by 26.2% in the 1st quarter. CWA Asset Management Group LLC now owns 15,010 shares of the auto parts company's stock valued at $1,436,000 after buying an additional 3,117 shares in the last quarter. Optivise Advisory Services LLC bought a new stake in Allison Transmission in the 1st quarter valued at about $222,000. Precision Wealth Strategies LLC boosted its holdings in Allison Transmission by 29.9% in the 1st quarter. Precision Wealth Strategies LLC now owns 4,808 shares of the auto parts company's stock valued at $460,000 after purchasing an additional 1,108 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Allison Transmission by 3.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 75,793 shares of the auto parts company's stock valued at $7,251,000 after purchasing an additional 2,793 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in shares of Allison Transmission by 18.4% during the first quarter. Ritholtz Wealth Management now owns 24,602 shares of the auto parts company's stock worth $2,354,000 after purchasing an additional 3,818 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Price Performance

NYSE:ALSN traded down $1.56 during trading hours on Friday, hitting $90.66. The company's stock had a trading volume of 1,511,094 shares, compared to its average volume of 662,822. Allison Transmission Holdings, Inc. has a twelve month low of $73.65 and a twelve month 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 has a fifty day simple moving average of $97.97 and a 200-day simple moving average of $102.79. The company has a market capitalization of $7.64 billion, a P/E ratio of 10.49 and a beta of 1.00.

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, topping analysts' consensus estimates of $1.97 by $0.26. The firm had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 earnings per share. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid 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 1.19%. Allison Transmission's payout ratio is presently 12.50%.

Insider Transactions at Allison Transmission

In other 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 sale, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 now directly owns 11,924 shares in the company, valued at $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. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Raymond James Financial cut their price target on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Morgan Stanley upped their target price 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. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday. Bank of America boosted their price target on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Finally, JPMorgan Chase & Co. decreased their target price 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and an average target price of $98.38.

About Allison Transmission

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.