Los Angeles Capital Management LLC Decreases Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Los Angeles Capital Management LLC decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 26.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 320,868 shares of the auto parts company's stock after selling 113,783 shares during the period. Los Angeles Capital Management LLC owned approximately 0.36% of Allison Transmission worth $18,658,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Quent Capital LLC lifted its stake in Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company's stock valued at $41,000 after buying an additional 210 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Allison Transmission by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 36,447 shares of the auto parts company's stock worth $2,153,000 after purchasing an additional 211 shares during the period. Parkside Financial Bank & Trust increased its holdings in Allison Transmission by 20.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company's stock worth $71,000 after purchasing an additional 212 shares in the last quarter. M&T Bank Corp raised its stake in shares of Allison Transmission by 4.6% in the 3rd quarter. M&T Bank Corp now owns 5,774 shares of the auto parts company's stock valued at $341,000 after purchasing an additional 256 shares during the period. Finally, Americana Partners LLC lifted its holdings in shares of Allison Transmission by 7.0% in the fourth quarter. Americana Partners LLC now owns 4,878 shares of the auto parts company's stock valued at $284,000 after purchasing an additional 321 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Insiders Place Their Bets

In other news, VP Dana Jh Pittard sold 2,686 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the transaction, the vice president now directly owns 5,143 shares of the company's stock, valued at $374,616.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Dana Jh Pittard sold 2,686 shares of the business's stock in a transaction that occurred on 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 sale, the vice president now owns 5,143 shares in the company, valued at $374,616.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Ryan A. Milburn sold 2,598 shares of the company's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the transaction, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. Insiders sold a total of 87,843 shares of company stock valued at $6,244,562 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded down $0.60 during trading on Friday, hitting $74.06. 965,882 shares of the stock were exchanged, compared to its average volume of 706,495. Allison Transmission Holdings, Inc. has a 1-year low of $45.36 and a 1-year high of $83.42. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The company has a fifty day moving average price of $78.06 and a 200-day moving average price of $64.88. The company has a current ratio of 2.51, a quick ratio of 1.94 and a debt-to-equity ratio of 1.79.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $772.37 million. During the same quarter in the prior year, the company earned $1.85 earnings per share. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 7.56 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.25 per share. This is an increase from Allison Transmission's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a yield of 1.35%. Allison Transmission's dividend payout ratio (DPR) is currently 13.35%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ALSN shares. JPMorgan Chase & Co. increased their price objective on Allison Transmission from $70.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, April 15th. Oppenheimer boosted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. Robert W. Baird raised their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a "sell" rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley began coverage on Allison Transmission in a report on Monday, January 8th. They issued an "equal weight" rating and a $62.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $71.71.

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.