Alan B Lancz & Associates Inc. Sells 950 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Alan B Lancz & Associates Inc. trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,350 shares of the auto parts company’s stock after selling 950 shares during the period. Allison Transmission comprises 1.7% of Alan B Lancz & Associates Inc.’s portfolio, making the stock its 11th biggest holding. Alan B Lancz & Associates Inc.’s holdings in Allison Transmission were worth $1,649,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. boosted its position in shares of Allison Transmission by 62.5% in 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 period. Invesco Ltd. boosted its stake 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. Lazard Asset Management LLC raised its position in shares of Allison Transmission by 104.0% during the third 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 during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Allison Transmission in the third quarter worth $6,332,000. Finally, ClariVest Asset Management LLC boosted its position in shares of Allison Transmission by 402,208.3% during the third 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 during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Robert W. Baird increased their target price on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, Oppenheimer boosted their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average target price of $71.71.

Allison Transmission Trading Down 0.8 %

ALSN traded down $0.60 during trading hours on Friday, reaching $74.06. 965,882 shares of the company’s stock traded hands, compared to its average volume of 706,495. The firm has a market capitalization of $6.48 billion, a PE ratio of 9.89, a PEG ratio of 1.41 and a beta of 1.04. Allison Transmission Holdings, Inc. has a 52-week low of $45.36 and a 52-week high of $83.42. The firm has a 50-day moving average price of $78.06 and a 200 day moving average price of $64.85. The company has a quick ratio of 1.94, a current ratio of 2.51 and a debt-to-equity ratio of 1.79.

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

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio is presently 13.35%.

Insider Activity 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 stock was sold at an average price of $70.57, for a total value 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 approximately $8,855,053.03. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were 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 directly owns 125,479 shares in the company, valued at approximately $8,855,053.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dana Jh Pittard sold 2,686 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total transaction of $195,648.24. Following the transaction, the vice president now owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock valued at $6,244,562 over the last ninety days. 1.10% of the stock is owned by company insiders.

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.