Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Leuthold Group LLC

Leuthold Group LLC trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,225 shares of the auto parts company’s stock after selling 386 shares during the quarter. Leuthold Group LLC’s holdings in Allison Transmission were worth $3,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quent Capital LLC lifted its stake in Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after acquiring an additional 186 shares during the last quarter. Americana Partners LLC boosted its stake in shares of Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock worth $385,000 after acquiring an additional 191 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Allison Transmission by 4.1% in the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock worth $385,000 after acquiring an additional 200 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Allison Transmission by 0.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock worth $2,034,000 after purchasing an additional 210 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on ALSN. Raymond James assumed coverage on Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Citigroup began coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective for the company. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. Finally, Robert W. Baird increased their target price on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.57.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s 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 $1,129,971.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Allison Transmission Trading Up 0.1 %

Shares of NYSE:ALSN opened at $88.57 on Thursday. The firm has a fifty day moving average of $86.16 and a two-hundred day moving average of $79.94. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. 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 $7.75 billion, a P/E ratio of 11.83, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $799.44 million. During the same quarter last year, the firm earned $1.92 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. Allison Transmission’s dividend payout ratio is currently 13.35%.

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.