Kingsview Wealth Management LLC Acquires 14,974 Shares of Allison Transmission Holdings, Inc. $ALSN

Kingsview Wealth Management LLC raised its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.8% in the 3rd quarter, Holdings Channel reports. The firm owned 116,434 shares of the auto parts company’s stock after purchasing an additional 14,974 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Allison Transmission were worth $9,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp increased its stake in shares of Allison Transmission by 3.8% in the second quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after buying an additional 138 shares during the period. Westover Capital Advisors LLC lifted its stake in shares of Allison Transmission by 3.0% in the second quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock worth $491,000 after acquiring an additional 150 shares during the period. Rossby Financial LCC boosted its holdings in Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 153 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in Allison Transmission by 0.6% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 28,415 shares of the auto parts company’s stock valued at $2,412,000 after purchasing an additional 156 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Allison Transmission by 9.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock valued at $180,000 after purchasing an additional 165 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALSN. Raymond James Financial boosted their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 22nd. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Oppenheimer lifted their price objective on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average price target of $111.11.

Allison Transmission Stock Performance

Shares of ALSN opened at $127.00 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. The stock has a 50-day moving average of $110.42 and a 200-day moving average of $95.21. The company has a market cap of $10.52 billion, a PE ratio of 17.33, a P/E/G ratio of 0.82 and a beta of 0.96. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $127.11.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.29 per share. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, March 9th. Allison Transmission’s dividend payout ratio is presently 14.73%.

About Allison Transmission

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.