Foundry Partners LLC Has $6.05 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Foundry Partners LLC lessened its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,992 shares of the auto parts company's stock after selling 20,289 shares during the period. Foundry Partners LLC owned approximately 0.12% of Allison Transmission worth $6,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. raised its position in shares of Allison Transmission by 62.5% during the third quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company's stock worth $47,207,000 after purchasing an additional 307,322 shares during the period. Invesco Ltd. raised its position in shares of Allison Transmission by 17.8% during the third quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company's stock worth $87,264,000 after purchasing an additional 222,863 shares during the period. Lazard Asset Management LLC raised its position in shares of Allison Transmission by 104.0% during the third quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company's stock worth $12,827,000 after purchasing an additional 110,722 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Allison Transmission during the third quarter worth $6,332,000. Finally, ClariVest Asset Management LLC raised its position in shares of Allison Transmission by 402,208.3% during the third quarter. ClariVest Asset Management LLC now owns 96,554 shares of the auto parts company's stock worth $5,702,000 after purchasing an additional 96,530 shares during the period. Institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Up 1.0 %

Shares of ALSN traded up $0.75 during trading hours on Monday, hitting $79.14. 619,292 shares of the company were exchanged, compared to its average volume of 665,977. The company has a market cap of $6.93 billion, a PE ratio of 10.62, a PEG ratio of 1.44 and a beta of 1.03. The firm's 50 day moving average is $76.69 and its 200-day moving average is $63.72. Allison Transmission Holdings, Inc. has a 52 week low of $44.68 and a 52 week high of $83.42. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.49. The company had revenue of $775.00 million during the quarter, compared to the consensus estimate of $744.00 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 7.76 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, March 1st. This is a boost from Allison Transmission's previous quarterly dividend of $0.23. Allison Transmission's payout ratio is currently 13.44%.

Analysts Set New Price Targets

ALSN has been the topic of several recent analyst reports. Robert W. Baird upped their price target on Allison Transmission from $63.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday, February 14th. The Goldman Sachs Group upped their price target on Allison Transmission from $55.00 to $63.00 and gave the company a "sell" rating in a research report on Tuesday, April 16th. Morgan Stanley initiated coverage on Allison Transmission in a research report on Monday, January 8th. They set an "equal weight" rating and a $62.00 price target on the stock. StockNews.com raised Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 14th. Finally, Oppenheimer boosted their target price on Allison Transmission from $67.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $65.88.

Insider Buying and Selling

In related news, VP Dana Jh Pittard sold 2,686 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the transaction, the vice president now owns 5,143 shares of the company's stock, valued at approximately $374,616.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Ryan A. Milburn sold 2,598 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the transaction, the vice president now owns 14,456 shares of the company's stock, valued at approximately $1,089,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dana Jh Pittard sold 2,686 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the completion of the transaction, the vice president now directly owns 5,143 shares of the company's stock, valued at approximately $374,616.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,843 shares of company stock valued at $6,244,562. Insiders own 0.93% of the company's stock.

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.