Sanctuary Advisors LLC Has $663,000 Position in Allison Transmission Holdings, Inc. $ALSN

Sanctuary Advisors LLC cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 92.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,769 shares of the auto parts company’s stock after selling 87,753 shares during the period. Sanctuary Advisors LLC’s holdings in Allison Transmission were worth $663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALSN. Jane Street Group LLC raised its holdings in shares of Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after acquiring an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after purchasing an additional 11,542 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Allison Transmission by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after purchasing an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Allison Transmission by 441.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock worth $97,000 after purchasing an additional 830 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Allison Transmission during the 2nd quarter valued at about $6,111,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Down 3.5%

Shares of Allison Transmission stock opened at $123.23 on Friday. The stock has a market capitalization of $10.24 billion, a P/E ratio of 19.16, a PEG ratio of 0.70 and a beta of 1.01. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The stock has a 50 day moving average price of $122.33 and a two-hundred day moving average price of $106.76. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.93%. The company 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 posted $2.23 earnings per share. The company’s quarterly revenue was up 83.6% compared to the same quarter last year. Equities analysts expect that Allison Transmission Holdings, Inc. will post 9.68 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be issued a $0.29 dividend. 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%.

Analyst Ratings Changes

ALSN has been the subject of several recent research reports. Zacks Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. Citigroup boosted their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Oppenheimer increased their price target 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. Finally, Wells Fargo & Company raised their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $115.38.

Insider Buying and Selling

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction 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 completion of the transaction, the insider owned 17,654 shares of the company’s stock, valued at $2,019,617.60. The trade was a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

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.