Systematic Financial Management LP Sells 260 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Systematic Financial Management LP trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,045 shares of the auto parts company’s stock after selling 260 shares during the period. Systematic Financial Management LP’s holdings in Allison Transmission were worth $1,521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quent Capital LLC raised its holdings in shares of Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 172 shares during the period. Miller Howard Investments Inc. NY increased its stake in Allison Transmission by 2.1% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after buying an additional 186 shares during the last quarter. Americana Partners LLC increased its stake in Allison Transmission by 3.9% in the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after buying an additional 191 shares during the last quarter. Raymond James Trust N.A. increased its stake in Allison Transmission by 4.1% in the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after buying an additional 200 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Allison Transmission by 0.8% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock valued at $2,034,000 after buying an additional 210 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ALSN. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Citigroup began coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target on the stock. Robert W. Baird lifted their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Raymond James began coverage on shares of Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective on the stock. Finally, StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Allison Transmission presently has an average rating of “Hold” and a consensus price target of $79.57.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

NYSE ALSN opened at $96.50 on Monday. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $8.44 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.64 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $97.25. The firm has a 50-day moving average price of $87.82 and a two-hundred day moving average price of $80.82.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. The firm had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 EPS. Analysts anticipate that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

About Allison Transmission

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.