London Co. of Virginia Decreases Stock Position in Allison Transmission Holdings, Inc. $ALSN

London Co. of Virginia cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,350,571 shares of the auto parts company’s stock after selling 101,334 shares during the quarter. London Co. of Virginia’s holdings in Allison Transmission were worth $223,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ALSN. Trust Co. of Toledo NA OH bought a new stake in Allison Transmission in the second quarter valued at approximately $28,000. SVB Wealth LLC bought a new position in shares of Allison Transmission in the first quarter worth approximately $33,000. WPG Advisers LLC purchased a new position in shares of Allison Transmission in the first quarter worth $34,000. Cullen Frost Bankers Inc. increased its stake in shares of Allison Transmission by 3,108.3% in the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after buying an additional 373 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in Allison Transmission during the 2nd quarter valued at $38,000. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on shares of Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price target on the stock. Citigroup increased their target price on shares of Allison Transmission from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Raymond James Financial raised Allison Transmission from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $105.00 to $110.00 in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their price objective on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.88.

Allison Transmission Price Performance

ALSN stock opened at $99.87 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $121.81. The firm has a 50-day moving average of $84.94 and a 200 day moving average of $89.24. The company has a market cap of $8.31 billion, a P/E ratio of 12.24 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The firm had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. During the same quarter last year, the company posted $2.27 EPS. The firm’s revenue was down 15.9% on a year-over-year basis. On average, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were issued a $0.27 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Allison Transmission’s dividend payout ratio is 13.24%.

Allison Transmission Profile

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.