Danske Bank A S Has $88,000 Holdings in Allison Transmission Holdings, Inc. $ALSN

Danske Bank A S cut its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 92.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 900 shares of the auto parts company’s stock after selling 11,300 shares during the period. Danske Bank A S’s holdings in Allison Transmission were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ALSN. Boston Partners lifted its position in Allison Transmission by 117.6% during the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after purchasing an additional 1,101,824 shares during the period. UBS Group AG lifted its position in Allison Transmission by 222.2% during the 3rd quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock valued at $81,531,000 after purchasing an additional 662,458 shares during the period. Bank of America Corp DE lifted its position in Allison Transmission by 38.0% during the 3rd quarter. Bank of America Corp DE now owns 1,166,223 shares of the auto parts company’s stock valued at $98,989,000 after purchasing an additional 321,001 shares during the period. Amundi lifted its position in Allison Transmission by 1,145.6% during the 3rd quarter. Amundi now owns 343,119 shares of the auto parts company’s stock valued at $29,076,000 after purchasing an additional 315,572 shares during the period. Finally, AQR Capital Management LLC lifted its position in Allison Transmission by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after purchasing an additional 304,974 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Down 3.5%

Allison Transmission stock opened at $123.23 on Friday. The company’s 50 day simple moving average is $122.33 and its 200 day simple moving average is $106.76. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.70 and a beta of 1.01. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.93%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned $2.23 EPS. Allison Transmission’s quarterly revenue was up 83.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.68 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, May 18th. Allison Transmission’s dividend payout ratio (DPR) is 15.83%.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of research reports. Zacks Research downgraded shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Oppenheimer lifted their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Wells Fargo & Company lifted their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Morgan Stanley lifted their price objective on shares of Allison Transmission from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Allison Transmission has an average rating of “Hold” and a consensus price target of $115.38.

Insider Buying and Selling

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the sale, the insider directly owned 17,654 shares in the company, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

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.