Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Bokf Na

Bokf Na trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 49.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 56,953 shares of the auto parts company’s stock after selling 54,971 shares during the period. Bokf Na’s holdings in Allison Transmission were worth $4,604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Financial Advisors Inc. increased its holdings in shares of Allison Transmission by 2.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock worth $396,000 after buying an additional 180 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after buying an additional 210 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Allison Transmission by 20.8% in the 4th 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 in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Allison Transmission by 4.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock valued at $447,000 after purchasing an additional 255 shares in the last quarter. Finally, Hohimer Wealth Management LLC increased its holdings in Allison Transmission by 1.5% in the 4th quarter. Hohimer Wealth Management LLC now owns 20,535 shares of the auto parts company’s stock valued at $1,194,000 after purchasing an additional 311 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Down 0.0 %

Shares of Allison Transmission stock traded down $0.01 during trading hours on Monday, hitting $87.75. 18,585 shares of the company’s stock traded hands, compared to its average volume of 644,446. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $88.63. The stock has a 50 day simple moving average of $76.69 and a 200-day simple moving average of $73.92. The company has a market cap of $7.68 billion, a PE ratio of 11.72, a PEG ratio of 1.61 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 54.59%. The business had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter last year, the company posted $1.92 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.69 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders 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 dividend yield of 1.14%. Allison Transmission’s payout ratio is 13.35%.

Insider Transactions at Allison Transmission

In other news, VP Rafael Basso sold 12,624 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the transaction, the vice president now owns 4,624 shares of the company’s stock, valued at $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the firm’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 transaction, the vice president now owns 4,624 shares of the company’s stock, valued at $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the subject of several recent research reports. Citigroup initiated coverage on Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target for the company. 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 report on Monday, April 15th. Robert W. Baird increased their price target on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday. Raymond James assumed coverage on Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price target for the company. Finally, The Goldman Sachs Group raised their target price on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.63.

Allison Transmission 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.