Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Boston Partners

Boston Partners decreased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,658,442 shares of the auto parts company’s stock after selling 89,072 shares during the period. Boston Partners owned approximately 1.85% of Allison Transmission worth $96,452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its position in shares of Allison Transmission by 256.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after buying an additional 426 shares during the period. Loomis Sayles & Co. L P boosted its holdings in Allison Transmission by 222.5% in the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 416 shares during the last quarter. Quent Capital LLC boosted 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 purchasing an additional 210 shares during the last quarter. Headlands Technologies LLC boosted its holdings in Allison Transmission by 237.4% in the fourth quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 781 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Allison Transmission by 20.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Down 2.4 %

Shares of Allison Transmission stock opened at $74.71 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. The business’s 50 day simple moving average is $78.10 and its 200-day simple moving average is $65.74. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.45 and a beta of 1.04. Allison Transmission Holdings, Inc. has a twelve month low of $47.22 and a twelve month high of $83.42.

Allison Transmission (NYSE:ALSNGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a 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%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ALSN shares. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. The Goldman Sachs Group upped their price objective on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. Robert W. Baird upped their price objective on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Oppenheimer upped their price objective on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. upped their price objective on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.71.

Read Our Latest Report on ALSN

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction on 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 transaction, 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 SEC, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the transaction, the vice president now directly owns 14,456 shares of the company’s stock, valued at $1,089,982.40. 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. 0.93% of the stock is owned by company insiders.

Allison Transmission Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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