Verdence Capital Advisors LLC Grows Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Verdence Capital Advisors LLC grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 171.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,127 shares of the auto parts company's stock after acquiring an additional 3,869 shares during the period. Verdence Capital Advisors LLC's holdings in Allison Transmission were worth $586,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Transce3nd LLC acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $25,000. Vermillion Wealth Management Inc. acquired a new position in Allison Transmission in the 4th quarter worth approximately $31,000. Proficio Capital Partners LLC acquired a new position in Allison Transmission in the 4th quarter worth approximately $42,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 period. Finally, Whittier Trust Co. acquired a new stake in shares of Allison Transmission during the 4th quarter valued at $61,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ALSN shares. Robert W. Baird dropped their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Raymond James Financial cut their target price 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. Finally, Morgan Stanley lifted 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 note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Allison Transmission presently has a consensus rating of "Hold" and an average price target of $99.00.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction 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 transaction, the vice president owned 11,924 shares of the company's stock, valued at $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

ALSN traded down $1.92 on Friday, reaching $87.00. The company had a trading volume of 1,280,653 shares, compared to its average volume of 679,622. Allison Transmission Holdings, Inc. has a fifty-two week low of $78.71 and a fifty-two week high of $122.53. The stock has a market cap of $7.33 billion, a P/E ratio of 10.07 and a beta of 0.96. The company's fifty day moving average is $98.40 and its 200 day moving average is $100.44. 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 announced its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. The firm had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The business's revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 EPS. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's payout ratio is 12.50%.

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.