Swiss National Bank Sells 3,600 Shares of Allison Transmission Holdings, Inc. $ALSN

Swiss National Bank cut its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,800 shares of the auto parts company's stock after selling 3,600 shares during the quarter. Swiss National Bank owned 0.20% of Allison Transmission worth $16,053,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Allison Transmission during the 4th quarter valued at $41,081,000. Barclays PLC lifted its holdings in shares of Allison Transmission by 0.8% during the 4th quarter. Barclays PLC now owns 61,952 shares of the auto parts company's stock valued at $6,694,000 after buying an additional 503 shares during the period. Mariner LLC lifted its holdings in shares of Allison Transmission by 27.0% during the 4th quarter. Mariner LLC now owns 4,861 shares of the auto parts company's stock valued at $525,000 after buying an additional 1,032 shares during the period. Bridgewater Associates LP lifted its holdings in shares of Allison Transmission by 14.8% during the 4th quarter. Bridgewater Associates LP now owns 101,295 shares of the auto parts company's stock valued at $10,946,000 after buying an additional 13,093 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Allison Transmission in the 4th quarter worth $600,000. 96.90% of the stock is owned by institutional investors.

Allison Transmission Price Performance

ALSN stock traded up $1.02 during trading on Monday, reaching $88.02. The company's stock had a trading volume of 167,410 shares, compared to its average volume of 803,666. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $7.36 billion, a P/E ratio of 10.00 and a beta of 0.97. The company's fifty day moving average is $92.04 and its 200-day moving average is $96.54.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%. The business had revenue of $814.00 million during the quarter, compared to analyst estimates of $811.05 million. During the same quarter in the prior year, the business posted $2.13 EPS. Allison Transmission's revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 20th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Allison Transmission's dividend payout ratio (DPR) is presently 12.27%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Morgan Stanley upped their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Bank of America upped their price objective on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Raymond James Financial reduced their price objective on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. Finally, The Goldman Sachs Group upped their price objective 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and a consensus target price of $98.38.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 3,412 shares of the 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 completion of the transaction, the vice president 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

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.