Sei Investments Co. lowered its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 85.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,297 shares of the auto parts company’s stock after selling 48,234 shares during the quarter. Sei Investments Co.’s holdings in Allison Transmission were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Townsend & Associates Inc purchased a new position in Allison Transmission in the second quarter valued at $111,000. Smithfield Trust Co. purchased a new position in Allison Transmission in the first quarter valued at $189,000. Sigma Planning Corp purchased a new position in Allison Transmission in the second quarter valued at $232,000. Oppenheimer Asset Management Inc. purchased a new position in Allison Transmission in the first quarter valued at $238,000. Finally, Murphy Capital Management Inc. purchased a new position in Allison Transmission in the second quarter valued at $249,000.

Shares of ALSN opened at $51.83 on Monday. Allison Transmission Holdings Inc has a fifty-two week low of $34.32 and a fifty-two week high of $52.22. The stock has a market cap of $6.74 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.16 and a beta of 1.30. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.43 and a quick ratio of 1.05.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, July 30th. The auto parts company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.29. Allison Transmission had a net margin of 25.46% and a return on equity of 86.52%. The business had revenue of $711.00 million during the quarter, compared to the consensus estimate of $655.33 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. sell-side analysts anticipate that Allison Transmission Holdings Inc will post 4.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Monday, August 20th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. Allison Transmission’s dividend payout ratio (DPR) is 22.56%.

Several equities analysts have issued reports on ALSN shares. Mizuho started coverage on Allison Transmission in a report on Friday, June 29th. They set a “buy” rating and a $50.00 price objective on the stock. Credit Suisse Group raised their price objective on Allison Transmission from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st. Stifel Nicolaus raised their price objective on Allison Transmission from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Piper Jaffray Companies set a $26.00 price objective on Allison Transmission and gave the stock a “sell” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research lowered Allison Transmission from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Three analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $45.75.

In related news, VP Eric C. Scroggins sold 4,470 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $51.20, for a total value of $228,864.00. Following the completion of the sale, the vice president now owns 23,423 shares in the company, valued at $1,199,257.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Eric C. Scroggins sold 4,940 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $47.34, for a total transaction of $233,859.60. The disclosure for this sale can be found here. Insiders have sold 282,145 shares of company stock valued at $14,510,234 in the last quarter. Insiders own 8.40% of the company’s stock.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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

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