Factorial Partners LLC Sells 1,000 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Factorial Partners LLC trimmed its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,000 shares of the auto parts company’s stock after selling 1,000 shares during the quarter. Allison Transmission accounts for 2.0% of Factorial Partners LLC’s portfolio, making the stock its 22nd biggest holding. Factorial Partners LLC’s holdings in Allison Transmission were worth $3,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in Allison Transmission during the 2nd quarter valued at $33,000. TFO Wealth Partners LLC increased its holdings in shares of Allison Transmission by 8,975.0% in the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 718 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in Allison Transmission by 24.0% in the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALSN has been the subject of several research reports. Robert W. Baird upped their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Raymond James started coverage on shares of Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price for the company. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. The Goldman Sachs Group upped their price objective on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Finally, Citigroup assumed coverage on Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $79.57.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 0.0 %

Shares of ALSN stock opened at $86.87 on Wednesday. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The stock has a market cap of $7.57 billion, a P/E ratio of 11.60, a PEG ratio of 1.54 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $92.82. The company’s fifty day simple moving average is $84.67 and its two-hundred day simple moving average is $79.46.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. The business had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 EPS. Analysts predict that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.15%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

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.