Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,243 shares of the auto parts company’s stock after selling 2,864 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.27% of Allison Transmission worth $17,855,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. GSA Capital Partners LLP acquired a new position in Allison Transmission in the 1st quarter valued at $1,229,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Allison Transmission in the 1st quarter valued at $1,342,000. UBS Group AG increased 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 valued at $7,853,000 after buying an additional 35,501 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Allison Transmission in the 1st quarter valued at $1,120,000. Finally, State Board of Administration of Florida Retirement System increased its stake in Allison Transmission by 11.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company’s stock valued at $8,055,000 after buying an additional 10,196 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALSN has been the topic of several recent research reports. 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 boosted their price objective on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Robert W. Baird boosted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Citigroup initiated coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price on the stock. Finally, Raymond James initiated coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. One equities research 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. Based on data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average target price of $79.57.

Allison Transmission Price Performance

Allison Transmission stock opened at $91.50 on Tuesday. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $92.82. 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 firm’s 50-day simple moving average is $86.93 and its 200 day simple moving average is $80.30. The firm has a market capitalization of $8.00 billion, a PE ratio of 12.22, a P/E/G ratio of 1.54 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last released 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 net margin of 21.95% and a return on equity of 52.18%. The business 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 earned $1.92 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. Allison Transmission’s dividend payout ratio is presently 13.35%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s 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 transaction, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

About Allison Transmission

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.