Clifford Swan Investment Counsel LLC Sells 12,643 Shares of Allison Transmission Holdings, Inc. $ALSN

Clifford Swan Investment Counsel LLC trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,379 shares of the auto parts company’s stock after selling 12,643 shares during the quarter. Allison Transmission makes up approximately 1.1% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 26th biggest holding. Clifford Swan Investment Counsel LLC’s holdings in Allison Transmission were worth $35,669,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ALSN. Vise Technologies Inc. bought a new position in shares of Allison Transmission in the 2nd quarter worth $1,047,000. BlackRock Inc. bought a new stake in Allison Transmission during the second quarter valued at about $448,232,000. Natixis Advisors LLC grew its stake in Allison Transmission by 5.3% in the fourth quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock valued at $27,903,000 after purchasing an additional 14,445 shares during the last quarter. Systematic Financial Management LP grew its stake in Allison Transmission by 52.2% in the fourth quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock valued at $2,896,000 after purchasing an additional 10,145 shares during the last quarter. Finally, Brandes Investment Partners LP bought a new position in Allison Transmission in the fourth quarter worth about $46,647,000. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

In other news, insider Eric C. Scroggins sold 1,050 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider owned 16,604 shares in the company, valued at $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David S. Graziosi sold 26,708 shares of the firm’s stock in a transaction on 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 directly owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 0.3%

Allison Transmission stock opened at $125.98 on Tuesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The business’s 50-day simple moving average is $120.22 and its two-hundred day simple moving average is $119.92. The company has a market cap of $10.40 billion, a PE ratio of 20.03, a PEG ratio of 0.68 and a beta of 0.95. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was up 92.4% compared to the same quarter last year. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current year.

Allison Transmission Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Morgan Stanley boosted their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Citigroup lowered their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company increased their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.17.

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.