Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Holdings Lowered by Seizert Capital Partners LLC

Seizert Capital Partners LLC reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,170,886 shares of the auto parts company’s stock after selling 74,639 shares during the period. Allison Transmission makes up about 3.5% of Seizert Capital Partners LLC’s investment portfolio, making the stock its largest position. Seizert Capital Partners LLC’s holdings in Allison Transmission were worth $68,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. London Co. of Virginia grew its stake in shares of Allison Transmission by 1.1% in 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 acquiring an additional 26,316 shares during the period. Boston Partners grew its position in Allison Transmission by 1.7% in the 3rd 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 period. Invesco Ltd. grew its position in Allison Transmission by 17.8% in the 3rd 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 period. Federated Hermes Inc. raised its stake 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 valued at $47,207,000 after buying an additional 307,322 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Allison Transmission by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 682,650 shares of the auto parts company’s stock valued at $39,696,000 after buying an additional 8,234 shares during the period. 96.90% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 125,479 shares in the company, valued at $8,855,053.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO David S. Graziosi sold 76,318 shares of the firm’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 transaction, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dana Jh Pittard sold 2,686 shares of Allison Transmission stock in a transaction that occurred on Friday, February 23rd. The stock was 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 directly owns 5,143 shares in the company, valued at approximately $374,616.12. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock worth $6,244,562 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Allison Transmission stock traded down $0.29 during midday trading on Friday, hitting $76.52. The stock had a trading volume of 644,664 shares, compared to its average volume of 771,617. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. Allison Transmission Holdings, Inc. has a 52-week low of $47.22 and a 52-week high of $83.42. The company has a market capitalization of $6.69 billion, a PE ratio of 10.22, a P/E/G ratio of 1.45 and a beta of 1.04. The firm’s fifty day moving average is $78.13 and its two-hundred day moving average is $65.52.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data 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. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $772.37 million. During the same period in the prior year, the company posted $1.85 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts forecast 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. Shareholders of record on Monday, May 20th will be issued 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 yield of 1.31%. Allison Transmission’s dividend payout ratio is presently 13.35%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Oppenheimer lifted their price objective on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Robert W. Baird increased their price objective on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. Finally, StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Allison Transmission currently has an average rating of “Hold” and a consensus target price 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.