Xponance Inc. Sells 1,668 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Xponance Inc. lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 27.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,368 shares of the auto parts company’s stock after selling 1,668 shares during the quarter. Xponance Inc.’s holdings in Allison Transmission were worth $332,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ALSN. Vision One Management Partners LP bought a new position in shares of Allison Transmission during the 4th quarter valued at approximately $17,848,000. Thompson Siegel & Walmsley LLC increased its position in shares of Allison Transmission by 257.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after purchasing an additional 230,152 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Allison Transmission by 108.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after purchasing an additional 135,194 shares during the last quarter. Carlson Capital L P bought a new position in shares of Allison Transmission during the 1st quarter valued at approximately $9,561,000. Finally, Wasatch Advisors LP increased its position in shares of Allison Transmission by 14.6% during the 4th quarter. Wasatch Advisors LP now owns 885,555 shares of the auto parts company’s stock valued at $51,495,000 after purchasing an additional 112,775 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

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

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $97.44 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 2.19 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 $98.00. The company has a 50 day simple moving average of $88.05 and a two-hundred day simple moving average of $81.00. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.64 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $799.44 million. During the same period in the previous year, the business posted $1.92 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s payout ratio is 13.35%.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction 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 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

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.