Measured Wealth Private Client Group LLC Sells 5,892 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Measured Wealth Private Client Group LLC cut its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 60.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,778 shares of the auto parts company’s stock after selling 5,892 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Allison Transmission were worth $307,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ALSN. NewEdge Wealth LLC lifted its holdings in shares of Allison Transmission by 9.1% during the 4th quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock valued at $30,229,000 after purchasing an additional 43,243 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Allison Transmission by 43.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock valued at $2,712,000 after purchasing an additional 14,168 shares during the last quarter. UBS Group AG boosted its stake in Allison Transmission by 35.7% in the 4th quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock worth $7,853,000 after purchasing an additional 35,501 shares in the last quarter. Prevatt Capital Ltd purchased a new stake in shares of Allison Transmission during the fourth quarter valued at $14,538,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Allison Transmission in the 4th quarter valued at $3,140,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ALSN. Citigroup assumed coverage on Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective on the stock. Robert W. Baird boosted their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Oppenheimer lifted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $75.25.

Insider Activity at Allison Transmission

In other Allison Transmission 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 completion of 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 legal filing with the SEC, which is available at this link. In other news, VP Rafael Basso sold 12,624 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 4,624 shares of the company’s stock, valued at $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 that occurred on Friday, June 28th. The stock was 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 in the company, valued at $1,082,365.20. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

NYSE:ALSN opened at $75.00 on Wednesday. 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 company’s 50-day moving average price is $75.08 and its 200-day moving average price is $71.07. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $83.42. The company has a market cap of $6.56 billion, a P/E ratio of 10.01, a P/E/G ratio of 1.41 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $772.37 million. During the same quarter in the previous year, the company posted $1.85 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.25 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Allison Transmission’s dividend payout ratio (DPR) is 13.35%.

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.