Vanguard Group Inc. Has $859.35 Million Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• Vanguard Group Inc. reduced its stake in Allison Transmission Holdings, Inc. by 1.9%, now owning approximately 10.66% of the company, valued at $859.35 million.
• Several other investors significantly increased their positions in Allison Transmission, with Caisse DE Depot ET Placement DU Quebec raising its holdings by 4,877.2% in the last quarter.
• Allison Transmission reported earnings per share of $2.29 for the latest quarter, surpassing estimates, while its revenue was slightly down 0.2% year-over-year.

Vanguard Group Inc. trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,982,435 shares of the auto parts company's stock after selling 169,510 shares during the quarter. Vanguard Group Inc. owned 10.66% of Allison Transmission worth $859,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in Allison Transmission during the fourth quarter valued at approximately $25,000. Vermillion Wealth Management Inc. bought a new position in Allison Transmission in the 4th quarter worth approximately $31,000. SRH Advisors LLC raised its position in Allison Transmission by 95.0% in the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock worth $45,000 after purchasing an additional 228 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Allison Transmission by 363.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after purchasing an additional 392 shares during the last quarter. Finally, Private Trust Co. NA raised its position in Allison Transmission by 32.8% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock worth $61,000 after purchasing an additional 157 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In other 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 transaction of $359,078.88. Following the completion of the transaction, the vice president directly owned 11,924 shares in the company, valued at $1,254,881.76. This represents a 22.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Stock Down 2.4%

NYSE ALSN traded down $2.17 on Friday, reaching $86.71. The company had a trading volume of 778,037 shares, compared to its average volume of 803,038. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 9.85 and a beta of 0.97. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. Allison Transmission Holdings, Inc. has a 1-year low of $80.39 and a 1-year high of $122.53. The company's fifty day moving average is $92.37 and its 200-day moving average is $97.03.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 EPS. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 20th. Allison Transmission's dividend payout ratio is currently 12.27%.

Analyst Ratings Changes

ALSN has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Bank of America upped their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research report on Monday, June 16th. Raymond James Financial dropped their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Morgan Stanley upped their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $98.38.

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.