Powell Investment Advisors LLC Decreases Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Powell Investment Advisors LLC trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,596 shares of the auto parts company’s stock after selling 700 shares during the period. Powell Investment Advisors LLC’s holdings in Allison Transmission were worth $907,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Wealth LLC grew its holdings in Allison Transmission by 9.1% during the 4th quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock valued at $30,229,000 after purchasing an additional 43,243 shares during the last quarter. Estate Counselors LLC bought a new position in Allison Transmission during the 4th quarter valued at about $1,127,000. Schroder Investment Management Group grew its holdings in Allison Transmission by 137.9% during the 3rd quarter. Schroder Investment Management Group now owns 133,529 shares of the auto parts company’s stock valued at $7,886,000 after purchasing an additional 77,402 shares during the last quarter. Federated Hermes Inc. grew its stake in Allison Transmission by 62.5% in the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after acquiring an additional 307,322 shares in the last quarter. Finally, Gotham Asset Management LLC grew its stake in Allison Transmission by 45.4% in the 3rd quarter. Gotham Asset Management LLC now owns 63,633 shares of the auto parts company’s stock worth $3,758,000 after acquiring an additional 19,875 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ALSN has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Robert W. Baird upped their target price on shares of Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday. Finally, Oppenheimer upped their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and an average price target of $65.88.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the firm’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 transaction, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Niekerk Teresa Van sold 6,241 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $74.87, for a total transaction of $467,263.67. Following the completion of the transaction, the vice president now directly owns 21,112 shares of the company’s stock, valued at approximately $1,580,655.44. The disclosure for this sale can be found here. Insiders sold 87,843 shares of company stock valued at $6,244,562 over the last 90 days. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 1.3 %

Shares of ALSN traded down $1.00 during mid-day trading on Friday, hitting $78.39. The company’s stock had a trading volume of 816,005 shares, compared to its average volume of 528,876. The company’s 50-day moving average is $76.69 and its 200-day moving average is $63.65. Allison Transmission Holdings, Inc. has a 52-week low of $44.68 and a 52-week high of $83.42. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.46 and a beta of 1.03. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The firm had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $744.00 million. During the same quarter in the prior year, the company earned $1.52 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 7.76 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.25 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.28%. Allison Transmission’s dividend payout ratio is presently 13.44%.

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.