Vanguard Group Inc. Has $838.31 Million Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Vanguard Group trimmed its stake in Allison Transmission by 1.3% in Q4 and now holds 8,562,872 shares — roughly $838.31 million or about 10.29% of the company.
• The stock carries a consensus rating of "Hold" with a consensus price target of $114.13, despite recent target increases from Wells Fargo, Citigroup and JPMorgan.
• Allison raised its quarterly dividend to $0.29 (annualized $1.16), implying a 0.9% yield and a payout ratio of about 15.8%.

Vanguard Group Inc. cut its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,562,872 shares of the auto parts company's stock after selling 111,209 shares during the quarter. Vanguard Group Inc. owned about 10.29% of Allison Transmission worth $838,305,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ALSN. Jane Street Group LLC lifted its stake in Allison Transmission by 341.3% in the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock valued at $27,617,000 after acquiring an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company's stock valued at $20,560,000 after acquiring an additional 11,542 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Allison Transmission by 9.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company's stock valued at $180,000 after acquiring an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Allison Transmission by 441.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company's stock valued at $97,000 after acquiring an additional 830 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Allison Transmission in the second quarter valued at approximately $6,111,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the company an "equal weight" rating in a research note on Thursday, February 26th. Citigroup lifted their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday, April 13th. Weiss Ratings cut shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a "neutral" rating in a report on Wednesday, January 14th. Finally, Zacks Research downgraded shares of Allison Transmission from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $114.13.

Insider Activity

In related news, insider Eric C. Scroggins sold 1,313 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider directly owned 17,654 shares of the company's stock, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

NYSE ALSN opened at $131.48 on Friday. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. The company has a fifty day simple moving average of $121.93 and a 200 day simple moving average of $105.66. The company has a market cap of $10.93 billion, a P/E ratio of 17.94, a P/E/G ratio of 0.78 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $137.62.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. This is an increase from Allison Transmission's previous quarterly dividend of $0.27. Allison Transmission's payout ratio is currently 15.83%.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company's products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison's core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.

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