London Co. of Virginia lowered its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) by 9.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,905,273 shares of the auto parts company’s stock after selling 194,715 shares during the quarter. London Co. of Virginia’s holdings in Allison Transmission were worth $223,032,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in shares of Allison Transmission in the 1st quarter worth $26,000. Cedar Mountain Advisors LLC bought a new stake in Allison Transmission in the first quarter valued at about $27,000. Cassaday & Co Wealth Management LLC bought a new stake in Allison Transmission in the first quarter valued at about $28,000. Larson Financial Group LLC lifted its stake in Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after buying an additional 263 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its stake in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after buying an additional 338 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.
Allison Transmission Stock Performance
Shares of Allison Transmission stock opened at $122.15 on Friday. The stock’s fifty day simple moving average is $115.79 and its 200 day simple moving average is $117.20. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $10.13 billion, a PE ratio of 19.00, a PEG ratio of 0.68 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62.
Allison Transmission Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, May 18th. Allison Transmission’s payout ratio is 18.04%.
Insider Transactions at Allison Transmission
In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares in the company, valued at approximately $131,625. This trade represents a 68.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ALSN shares. Wells Fargo & Company raised their target price on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Morgan Stanley increased their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Citigroup decreased their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $131.17.
Read Our Latest Stock Analysis on Allison Transmission
About Allison Transmission
Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.
In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.
Further Reading
- Five stocks we like better than Allison Transmission
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report).
Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.
