Robeco Institutional Asset Management B.V. Lowers Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,106 shares of the auto parts company's stock after selling 26,765 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.37% of Allison Transmission worth $30,242,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in shares of Allison Transmission by 20.6% in the 4th quarter. Truist Financial Corp now owns 12,368 shares of the auto parts company's stock valued at $1,337,000 after acquiring an additional 2,110 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Allison Transmission by 56.3% in the 4th quarter. Global Retirement Partners LLC now owns 752 shares of the auto parts company's stock worth $81,000 after purchasing an additional 271 shares in the last quarter. Private Advisor Group LLC raised its position in Allison Transmission by 4.5% in the fourth quarter. Private Advisor Group LLC now owns 4,152 shares of the auto parts company's stock valued at $449,000 after purchasing an additional 180 shares during the last quarter. Amalgamated Bank increased its stake in shares of Allison Transmission by 1.6% in the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after buying an additional 103 shares during the period. Finally, Illinois Municipal Retirement Fund bought a new stake in Allison Transmission during the 4th quarter worth approximately $766,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Buying and Selling

In related news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. The trade was a 10.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the transaction, the vice president now directly 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. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ALSN shares. JPMorgan Chase & Co. reduced 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 note on Friday, April 11th. Raymond James Financial decreased their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. 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 note on Tuesday, April 15th. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Finally, Morgan Stanley upped their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $99.00.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded up $0.58 during mid-day trading on Friday, hitting $94.69. 1,359,795 shares of the stock were exchanged, compared to its average volume of 665,008. The company has a market capitalization of $7.98 billion, a P/E ratio of 10.96 and a beta of 1.00. 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 company has a 50-day simple moving average of $98.46 and a 200 day simple moving average of $102.13. Allison Transmission Holdings, Inc. has a 12 month low of $73.80 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly 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. 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 for the quarter, compared to analyst estimates of $792.18 million. Allison Transmission's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $1.90 earnings per share. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is currently 12.50%.

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.