Hsbc Holdings PLC Has $7.39 Million Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Hsbc Holdings PLC trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 70.8% during the second quarter, HoldingsChannel reports. The firm owned 65,423 shares of the auto parts company’s stock after selling 158,488 shares during the quarter. Hsbc Holdings PLC’s holdings in Allison Transmission were worth $7,387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC bought a new position in Allison Transmission during the second quarter worth about $819,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Allison Transmission during the second quarter worth about $211,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Allison Transmission during the second quarter worth about $6,748,000. Empowered Funds LLC bought a new position in shares of Allison Transmission during the 2nd quarter valued at about $13,548,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Allison Transmission during the 2nd quarter valued at about $867,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insiders Place Their Bets

In other Allison Transmission news, insider Eric C. Scroggins sold 1,050 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider directly owned 16,604 shares of the company’s stock, valued at $2,075,500. The trade was a 5.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David S. Graziosi sold 26,708 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the transaction, the chief executive officer owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ALSN shares. Citigroup decreased their price objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Morgan Stanley upped their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Moderate Buy” and an average target price of $131.17.

Allison Transmission Stock Down 1.6%

NYSE:ALSN opened at $128.44 on Thursday. The stock has a 50-day simple moving average of $121.66 and a 200 day simple moving average of $120.48. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a market cap of $10.61 billion, a PE ratio of 20.42, a PEG ratio of 0.68 and a beta of 0.98. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The business’s revenue was up 92.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.29 EPS. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 10.27 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a dividend of $0.29 per share. The ex-dividend date was Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s dividend payout ratio is presently 18.44%.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.