Access Investment Management LLC Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Access Investment Management LLC purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,880 shares of the auto parts company's stock, valued at approximately $633,000.

A number of other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. raised its position in shares of 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 acquiring an additional 307,322 shares in the last quarter. Invesco Ltd. lifted its position in shares of 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 last quarter. Lazard Asset Management LLC boosted its holdings in shares of Allison Transmission by 104.0% in the 3rd quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company's stock valued at $12,827,000 after buying an additional 110,722 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Allison Transmission in the 3rd quarter valued at $6,332,000. Finally, ClariVest Asset Management LLC raised its stake 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 acquiring an additional 96,530 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ALSN. Oppenheimer lifted their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. StockNews.com cut Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 26th. The Goldman Sachs Group raised their target price 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. Robert W. Baird upped their price target 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a "neutral" rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $71.71.

Allison Transmission Stock Performance

Shares of ALSN stock traded down $0.29 during trading hours on Friday, reaching $76.52. 644,664 shares of the company's stock were exchanged, compared to its average volume of 771,617. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. Allison Transmission Holdings, Inc. has a 1 year low of $47.22 and a 1 year high of $83.42. The company has a market cap of $6.69 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.04. The company's 50 day moving average is $78.13 and its two-hundred day moving average is $65.52.

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, topping 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 during the quarter, compared to analysts' expectations of $772.37 million. During the same quarter in the prior year, the business posted $1.85 earnings per share. Allison Transmission's revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.56 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.31%. Allison Transmission's payout ratio is currently 13.35%.

Insider Buying and Selling at Allison Transmission

In related news, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the transaction, the chief executive officer now directly owns 125,479 shares of the company's stock, valued at $8,855,053.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now owns 14,456 shares of the company's stock, valued at $1,089,982.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 76,318 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The stock was 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 of the company's stock, valued at $8,855,053.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,843 shares of company stock valued at $6,244,562. Corporate insiders own 1.10% of the company's stock.

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.