Coppell Advisory Solutions LLC Cuts Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Coppell Advisory Solutions LLC lowered its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 43.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 26,074 shares of the auto parts company’s stock after selling 19,662 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Allison Transmission were worth $29,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ALSN. Proficio Capital Partners LLC bought a new position in shares of Allison Transmission during the second quarter valued at approximately $266,000. Rehmann Capital Advisory Group raised its stake in Allison Transmission by 6.3% in the second quarter. Rehmann Capital Advisory Group now owns 13,725 shares of the auto parts company’s stock worth $1,547,000 after buying an additional 816 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in Allison Transmission during the second quarter worth $414,000. Cookson Peirce & Co. Inc. lifted its holdings in Allison Transmission by 0.4% during the second quarter. Cookson Peirce & Co. Inc. now owns 185,818 shares of the auto parts company’s stock worth $20,949,000 after buying an additional 720 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Allison Transmission by 22.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,037 shares of the auto parts company’s stock valued at $117,000 after acquiring an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insiders Place Their Bets

In related news, insider Eric Scroggins sold 1,050 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the transaction, the insider directly owned 16,604 shares in the company, valued at $2,075,500. The trade was a 5.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Graziosi sold 26,708 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the transaction, the chief executive officer directly owned 304,843 shares in the company, valued at $40,534,973.71. This represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by company insiders.

Allison Transmission Trading Up 1.5%

NYSE:ALSN opened at $128.56 on Friday. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 0.68 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The firm has a 50 day moving average of $120.57 and a 200 day moving average of $120.12.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results 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. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business’s revenue for the quarter was up 92.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.29 earnings per share. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALSN. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Citigroup decreased their price objective on 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. raised their price objective on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Finally, Morgan Stanley lifted their target price on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. One 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.

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.