Lazard Asset Management LLC Has $22.14 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Lazard Asset Management LLC lowered its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 272,792 shares of the auto parts company’s stock after selling 44,731 shares during the quarter. Lazard Asset Management LLC owned 0.31% of Allison Transmission worth $22,139,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALSN. Norges Bank acquired a new position in Allison Transmission during the fourth quarter valued at approximately $56,334,000. Vision One Management Partners LP acquired a new position in shares of Allison Transmission in the fourth quarter valued at approximately $17,848,000. Prevatt Capital Ltd acquired a new position in shares of Allison Transmission in the fourth quarter valued at approximately $14,538,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Allison Transmission by 108.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after buying an additional 135,194 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Allison Transmission by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,863,151 shares of the auto parts company’s stock valued at $108,345,000 after buying an additional 118,648 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $87.77 on Monday. The stock has a market capitalization of $7.68 billion, a PE ratio of 11.72, a PEG ratio of 1.61 and a beta of 1.00. 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 firm has a 50 day moving average of $76.69 and a 200-day moving average of $73.92. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $88.63.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating 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 company had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. During the same period in the previous year, the firm posted $1.92 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 7.69 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, May 17th. Allison Transmission’s payout ratio is 13.35%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALSN. Raymond James began coverage on shares of Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. The Goldman Sachs Group upped their price target 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. Citigroup began coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective on the stock. Finally, Robert W. Baird lifted their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.