Allison Transmission Holdings, Inc. (NYSE:ALSN) Holdings Decreased by Delta Investment Management LLC

Delta Investment Management LLC trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,275 shares of the auto parts company’s stock after selling 172 shares during the quarter. Delta Investment Management LLC’s holdings in Allison Transmission were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ALSN. Headlands Technologies LLC grew its stake in Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock worth $65,000 after buying an additional 781 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in Allison Transmission by 13.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 47,119 shares of the auto parts company’s stock worth $2,740,000 after acquiring an additional 5,548 shares during the period. Meritage Portfolio Management boosted its position in Allison Transmission by 4.4% during the 4th quarter. Meritage Portfolio Management now owns 23,406 shares of the auto parts company’s stock worth $1,361,000 after acquiring an additional 984 shares during the period. Cumberland Partners Ltd boosted its position in Allison Transmission by 15.2% during the 4th quarter. Cumberland Partners Ltd now owns 26,500 shares of the auto parts company’s stock worth $1,541,000 after acquiring an additional 3,500 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Allison Transmission by 6.0% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 28,133 shares of the auto parts company’s stock valued at $1,636,000 after purchasing an additional 1,597 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

NYSE ALSN traded down $5.77 during trading on Friday, hitting $74.49. The company’s stock had a trading volume of 1,656,438 shares, compared to its average volume of 572,644. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. The firm has a 50 day moving average price of $77.83 and a 200 day moving average price of $64.33. The firm has a market cap of $6.53 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. Allison Transmission Holdings, Inc. has a 52 week low of $44.68 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $1.88 by $0.02. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a return on equity of 58.05% and a net margin of 21.80%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 EPS. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 7.74 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. Allison Transmission’s payout ratio is currently 13.35%.

Analyst Upgrades and Downgrades

ALSN has been the subject of several analyst reports. Morgan Stanley started coverage on Allison Transmission in a report on Monday, January 8th. They set an “equal weight” rating and a $62.00 target price for the company. JPMorgan Chase & Co. upped their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Oppenheimer lifted their price target on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. The Goldman Sachs Group lifted their price target on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. Finally, Robert W. Baird lifted their price target on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $68.25.

Insider Activity

In other news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at $8,855,053.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at $8,855,053.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the sale, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,843 shares of company stock worth $6,244,562. Company 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.