LSV Asset Management Cuts Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

LSV Asset Management lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,810,254 shares of the auto parts company's stock after selling 137,200 shares during the period. LSV Asset Management owned 4.26% of Allison Transmission worth $221,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ALSN. Federated Hermes Inc. increased its position in Allison Transmission by 62.5% during the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company's stock worth $47,207,000 after buying an additional 307,322 shares during the period. Invesco Ltd. increased its position in Allison Transmission by 17.8% during the 3rd quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company's stock worth $87,264,000 after buying an additional 222,863 shares during the period. Lazard Asset Management LLC increased its position in Allison Transmission by 104.0% during the 3rd quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company's stock worth $12,827,000 after buying an additional 110,722 shares during the period. Sheaff Brock Investment Advisors LLC bought a new position in Allison Transmission during the 3rd quarter worth $6,332,000. Finally, ClariVest Asset Management LLC increased its position in Allison Transmission by 402,208.3% during the 3rd quarter. ClariVest Asset Management LLC now owns 96,554 shares of the auto parts company's stock worth $5,702,000 after buying an additional 96,530 shares during the period. Institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

ALSN has been the topic of several analyst reports. Morgan Stanley initiated coverage on Allison Transmission in a report on Monday, January 8th. They set an "equal weight" rating and a $62.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Allison Transmission from $70.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, April 15th. StockNews.com lowered Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Friday, April 26th. The Goldman Sachs Group increased their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a "sell" rating in a report on Tuesday, April 16th. Finally, Oppenheimer increased their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $71.71.

Allison Transmission Trading Down 0.8 %

ALSN traded down $0.60 during trading on Friday, reaching $74.06. 965,882 shares of the stock traded hands, compared to its average volume of 706,495. The company has a quick ratio of 1.94, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. The stock's 50-day moving average is $78.06 and its 200 day moving average is $64.92. Allison Transmission Holdings, Inc. has a 12 month low of $45.36 and a 12 month high of $83.42. The stock has a market capitalization of $6.48 billion, a PE ratio of 9.89, a P/E/G ratio of 1.40 and a beta of 1.04.

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

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.23. Allison Transmission's payout ratio is currently 13.35%.

Insider Activity

In related news, CEO David S. Graziosi sold 76,318 shares of the firm's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the transaction, the chief executive officer now owns 125,479 shares of the company's stock, valued at approximately $8,855,053.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Ryan A. Milburn sold 2,598 shares of the company's stock in a transaction 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 sale, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the firm's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the transaction, the chief executive officer now directly owns 125,479 shares in the company, valued at $8,855,053.03. The disclosure for this sale can be found here. Insiders sold 87,843 shares of company stock worth $6,244,562 in the last quarter. 1.10% of the stock is owned by corporate insiders.

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.