Swiss National Bank Sells 23,700 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Swiss National Bank reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,500 shares of the auto parts company's stock after selling 23,700 shares during the quarter. Swiss National Bank owned about 0.20% of Allison Transmission worth $10,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its stake in shares of Allison Transmission by 222.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company's stock worth $36,000 after purchasing an additional 416 shares during the period. Quent Capital LLC increased its holdings 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. Headlands Technologies LLC boosted its stake in shares of Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company's stock worth $65,000 after acquiring an additional 781 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company's stock worth $71,000 after acquiring an additional 212 shares during the period. Finally, Brookstone Capital Management acquired a new position in Allison Transmission during the fourth quarter worth $202,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 76,318 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 125,479 shares of the company's stock, valued at approximately $8,855,053.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction that occurred on 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 have sold a total of 87,843 shares of company stock worth $6,244,562 in the last three months. Company insiders own 0.93% of the company's stock.

Allison Transmission Trading Down 2.4 %

Shares of ALSN traded down $1.81 on Monday, hitting $74.71. 698,474 shares of the stock traded hands, compared to its average volume of 692,983. Allison Transmission Holdings, Inc. has a 1 year low of $47.22 and a 1 year high of $83.42. The stock's 50 day moving average is $78.10 and its two-hundred day moving average is $65.74. The firm has a market capitalization of $6.54 billion, a P/E ratio of 9.97, a P/E/G ratio of 1.45 and a beta of 1.04. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted 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. The business 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 business's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 earnings per share. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, May 17th. Allison Transmission's dividend payout ratio is currently 13.35%.

Analysts Set New Price Targets

ALSN has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Allison Transmission from $70.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, April 15th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the company a "sell" rating in a 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 report on Friday, April 26th. StockNews.com cut shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 26th. Finally, Oppenheimer upped 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 and two have given a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and a consensus price target of $71.71.

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.