Dudley & Shanley Inc. Trims Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Dudley & Shanley Inc. reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 29.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,145 shares of the auto parts company’s stock after selling 68,970 shares during the quarter. Allison Transmission accounts for approximately 2.3% of Dudley & Shanley Inc.’s portfolio, making the stock its 20th largest holding. Dudley & Shanley Inc. owned 0.19% of Allison Transmission worth $13,647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALSN. Norges Bank bought a new position in shares of Allison Transmission in the 4th quarter worth about $56,334,000. Vision One Management Partners LP acquired a new position in Allison Transmission during the 4th quarter valued at about $17,848,000. Prevatt Capital Ltd acquired a new position in Allison Transmission during the 4th quarter valued at about $14,538,000. Allspring Global Investments Holdings LLC grew its stake in shares of Allison Transmission by 108.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock worth $21,046,000 after purchasing an additional 135,194 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Allison Transmission by 6.8% in the 4th 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. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Price Performance

Shares of NYSE:ALSN traded up $0.95 on Wednesday, hitting $75.95. The stock had a trading volume of 203,891 shares, compared to its average volume of 642,713. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $83.42. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51. The firm’s 50 day moving average price is $75.08 and its 200-day moving average price is $71.07. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.89 by $0.01. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 EPS. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.32%. Allison Transmission’s dividend payout ratio (DPR) is 13.35%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. Robert W. Baird increased their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted 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. Oppenheimer boosted their target price 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. Finally, Raymond James started coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.25.

Insider Buying and Selling

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the sale, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate 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.