Clearbridge Investments LLC trimmed its holdings in Allison Transmission Holdings Inc (NYSE:ALSN) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,469,641 shares of the auto parts company’s stock after selling 30,690 shares during the quarter. Clearbridge Investments LLC’s holdings in Allison Transmission were worth $63,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ALSN. The Manufacturers Life Insurance Company boosted its holdings in shares of Allison Transmission by 12.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after acquiring an additional 607 shares during the period. American Century Companies Inc. boosted its holdings in shares of Allison Transmission by 1,430.1% in the third quarter. American Century Companies Inc. now owns 268,707 shares of the auto parts company’s stock valued at $10,085,000 after acquiring an additional 251,146 shares during the period. Jennison Associates LLC boosted its holdings in shares of Allison Transmission by 3.8% in the third quarter. Jennison Associates LLC now owns 1,788,436 shares of the auto parts company’s stock valued at $67,120,000 after acquiring an additional 65,743 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Allison Transmission in the third quarter valued at approximately $510,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Allison Transmission by 97.6% in the third quarter. BNP Paribas Arbitrage SA now owns 115,702 shares of the auto parts company’s stock valued at $4,342,000 after acquiring an additional 57,148 shares during the period.

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Allison Transmission Holdings Inc (NYSE ALSN) opened at $38.56 on Wednesday. The stock has a market capitalization of $5,379.96, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.52 and a quick ratio of 1.15. Allison Transmission Holdings Inc has a 52-week low of $32.93 and a 52-week high of $45.69.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.89. The firm had revenue of $588.00 million during the quarter, compared to analysts’ expectations of $576.57 million. Allison Transmission had a return on equity of 60.52% and a net margin of 22.28%. Allison Transmission’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. equities analysts expect that Allison Transmission Holdings Inc will post 3.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Friday, February 16th. Allison Transmission’s payout ratio is 17.60%.

Several research firms have recently weighed in on ALSN. ValuEngine downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Bank of America reissued a “buy” rating on shares of Allison Transmission in a report on Thursday, November 23rd. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, February 13th. Stifel Nicolaus set a $44.00 price target on Allison Transmission and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, William Blair restated a “buy” rating on shares of Allison Transmission in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Allison Transmission currently has a consensus rating of “Hold” and a consensus target price of $43.82.

In other Allison Transmission news, SVP Michael Dick sold 19,600 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $42.47, for a total value of $832,412.00. Following the sale, the senior vice president now owns 39,131 shares of the company’s stock, valued at $1,661,893.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eric C. Scroggins sold 4,330 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.00, for a total value of $190,520.00. Following the completion of the sale, the vice president now directly owns 20,310 shares in the company, valued at approximately $893,640. The disclosure for this sale can be found here. Insiders sold 3,399,429 shares of company stock valued at $149,485,666 in the last quarter. 7.90% of the stock is currently owned by company insiders.

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Allison Transmission Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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