Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Taylor Hoffman Wealth Management

Taylor Hoffman Wealth Management boosted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 207.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,763 shares of the auto parts company's stock after buying an additional 27,516 shares during the quarter. Taylor Hoffman Wealth Management's holdings in Allison Transmission were worth $2,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. London Co. of Virginia lifted its position in shares of Allison Transmission by 1.1% during the third quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company's stock worth $142,576,000 after purchasing an additional 26,316 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Allison Transmission by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,863,151 shares of the auto parts company's stock worth $108,345,000 after purchasing an additional 118,648 shares during the last quarter. Boston Partners lifted its position in shares of Allison Transmission by 1.7% during the third quarter. Boston Partners now owns 1,747,514 shares of the auto parts company's stock worth $102,250,000 after purchasing an additional 29,912 shares during the last quarter. Invesco Ltd. lifted 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 last quarter. Finally, Federated Hermes Inc. lifted 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 last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Up 0.1 %

Allison Transmission stock traded up $0.06 during trading hours on Friday, reaching $75.14. The stock had a trading volume of 522,062 shares, compared to its average volume of 769,502. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.42 and a beta of 1.04. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. The business's 50 day moving average price is $78.11 and its 200-day moving average price is $66.21. Allison Transmission Holdings, Inc. has a 52 week low of $47.22 and a 52 week high of $83.42.

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

Allison Transmission Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Allison Transmission's payout ratio is 13.35%.

Insider Transactions at Allison Transmission

In other 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 sale, the vice president now owns 5,143 shares in the company, valued at $374,616.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO David S. Graziosi sold 76,318 shares of the company'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 value of $5,385,761.26. Following the sale, the chief executive officer now owns 125,479 shares in the company, valued at $8,855,053.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the vice president now owns 5,143 shares in the company, valued at approximately $374,616.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,843 shares of company stock worth $6,244,562. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

ALSN has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a "sell" rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $70.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, April 15th. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Robert W. Baird lifted their price objective on Allison Transmission from $84.00 to $87.00 and gave the company a "neutral" rating in a report on Friday, April 26th. Finally, Oppenheimer lifted their price objective on Allison Transmission from $67.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.