Oppenheimer & Co. Inc. Decreases Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Oppenheimer & Co. Inc. trimmed its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 43.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,247 shares of the auto parts company's stock after selling 6,282 shares during the period. Oppenheimer & Co. Inc.'s holdings in Allison Transmission were worth $789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALSN. Arizona State Retirement System lifted its position in Allison Transmission by 0.4% in the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock worth $2,733,000 after buying an additional 100 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Allison Transmission by 1.0% in the fourth quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock valued at $1,100,000 after acquiring an additional 102 shares during the period. Amalgamated Bank lifted its holdings in shares of Allison Transmission by 1.6% in the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock worth $690,000 after acquiring an additional 103 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Allison Transmission by 9.8% during the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock worth $148,000 after purchasing an additional 138 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Allison Transmission by 3.1% during the 4th quarter. QRG Capital Management Inc. now owns 4,751 shares of the auto parts company's stock worth $513,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Up 0.6%

Shares of NYSE ALSN opened at $94.69 on Monday. Allison Transmission Holdings, Inc. has a 52-week low of $73.80 and a 52-week high of $122.53. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 10.96 and a beta of 1.00. The stock has a 50 day moving average price of $98.46 and a 200 day moving average price of $102.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.37 and a current ratio of 3.05.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.26. The business had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 EPS. Sell-side 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 $0.27 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.14%. Allison Transmission's payout ratio is presently 12.50%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America upped their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Citigroup decreased their price target 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. Robert W. Baird dropped their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Two research 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. Based on data from MarketBeat, Allison Transmission has a consensus rating of "Hold" and a consensus target price of $99.00.

Insider Activity

In related news, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the sale, the vice president now owns 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 disclosure for this sale can be found here. 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.

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