Victory Capital Management Inc. Has $16.91 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Victory Capital Management Inc. cut its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 40.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,727 shares of the auto parts company's stock after selling 120,386 shares during the quarter. Victory Capital Management Inc. owned approximately 0.21% of Allison Transmission worth $16,907,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Transce3nd LLC bought a new stake in Allison Transmission during the fourth quarter valued at about $25,000. Vermillion Wealth Management Inc. bought a new stake in shares of Allison Transmission in the fourth quarter valued at about $31,000. Proficio Capital Partners LLC bought a new position in Allison Transmission during the fourth quarter worth about $42,000. MassMutual Private Wealth & Trust FSB lifted its stake in Allison Transmission by 363.0% during the first 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. bought a new position in Allison Transmission during the fourth quarter worth about $61,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALSN has been the subject of several recent analyst reports. Raymond James Financial dropped their price objective on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday. Morgan Stanley raised their price objective 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. Citigroup dropped their price objective on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Bank of America raised their price objective on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, The Goldman Sachs Group raised their price target 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. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $98.38.

Insider Buying and Selling

In other Allison Transmission 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 sale, the vice president owned 11,924 shares of the company's stock, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded down $0.13 during midday trading on Thursday, reaching $87.95. The company had a trading volume of 956,298 shares, compared to its average volume of 775,537. The company has a current ratio of 3.05, a quick ratio of 2.37 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 10.18 and a beta of 0.96. The stock has a fifty day simple moving average of $97.33 and a 200 day simple moving average of $99.99. Allison Transmission Holdings, Inc. has a 1-year low of $78.71 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its 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 net margin of 23.55% and a return on equity of 46.97%. The firm had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same quarter in the previous year, the business earned $1.90 EPS. The business's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, May 19th. Allison Transmission's dividend payout ratio is presently 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.