Wealth Enhancement Advisory Services LLC Reduces Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Wealth Enhancement Advisory Services LLC trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,382 shares of the auto parts company’s stock after selling 212 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Allison Transmission were worth $843,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. lifted its position in Allison Transmission by 256.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after buying an additional 426 shares in the last quarter. Quent Capital LLC raised 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 acquiring an additional 210 shares during the period. TFO Wealth Partners LLC boosted its position in shares of Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 718 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Allison Transmission by 237.4% in the fourth quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 781 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Allison Transmission by 20.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 212 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $75.14 on Tuesday. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. The business has a 50-day moving average of $74.88 and a 200 day moving average of $71.55. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $83.42.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $772.37 million. During the same quarter in the prior year, the company earned $1.85 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 7.65 earnings per share for the current year.

Allison Transmission Announces Dividend

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

Analyst Ratings Changes

ALSN has been the topic of several recent analyst reports. Citigroup began coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on 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 lifted their target price on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. Finally, Robert W. Baird boosted their price objective on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and an average price target of $75.25.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now owns 14,420 shares in the company, valued at approximately $1,082,365.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was 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 in the company, valued at $344,395.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The disclosure for this sale can be found here. 0.93% of the stock is owned by company insiders.

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.