ClariVest Asset Management LLC Sells 274 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

ClariVest Asset Management LLC cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,732 shares of the auto parts company’s stock after selling 274 shares during the period. ClariVest Asset Management LLC’s holdings in Allison Transmission were worth $2,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALSN. Choreo LLC bought a new stake in shares of Allison Transmission during the second quarter valued at approximately $237,000. Custom Index Systems LLC bought a new stake in shares of Allison Transmission in the 2nd quarter worth $447,000. Acadian Asset Management LLC raised its stake in shares of Allison Transmission by 172.4% in the second quarter. Acadian Asset Management LLC now owns 99,335 shares of the auto parts company’s stock worth $7,533,000 after purchasing an additional 62,872 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Allison Transmission by 13.4% during the second quarter. Los Angeles Capital Management LLC now owns 169,115 shares of the auto parts company’s stock valued at $12,836,000 after purchasing an additional 20,048 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of Allison Transmission by 1.1% during the second quarter. Savant Capital LLC now owns 24,427 shares of the auto parts company’s stock valued at $1,854,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup started coverage on Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective for the company. Raymond James initiated coverage on shares of Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective for the company. Robert W. Baird raised their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. Finally, The Goldman Sachs Group increased their price target on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $79.57.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $86.87 on Wednesday. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $92.82. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $84.67 and a 200 day moving average of $79.46.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data 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 return on equity of 52.18% and a net margin of 21.95%. The firm had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. During the same period in the prior year, the business posted $1.92 EPS. Allison Transmission’s revenue was up 4.2% on a year-over-year basis. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s payout ratio is 13.35%.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.