Hohimer Wealth Management LLC Acquires 311 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Hohimer Wealth Management LLC increased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,535 shares of the auto parts company’s stock after purchasing an additional 311 shares during the period. Hohimer Wealth Management LLC’s holdings in Allison Transmission were worth $1,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its stake in shares of Allison Transmission by 256.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 426 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Allison Transmission by 222.5% in the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 416 shares in the last quarter. Quent Capital LLC boosted its stake in Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Headlands Technologies LLC boosted its stake in Allison Transmission by 237.4% in the fourth quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 781 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Allison Transmission by 20.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 212 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Dana Jh Pittard sold 2,686 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the completion of the transaction, the vice president now owns 5,143 shares in the company, valued at approximately $374,616.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allison Transmission news, VP Dana Jh Pittard sold 2,686 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the transaction, the vice president now directly owns 5,143 shares in the company, valued at approximately $374,616.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the transaction, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The disclosure for this sale can be found here. Insiders sold 11,525 shares of company stock worth $858,801 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ALSN shares. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Robert W. Baird raised their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Oppenheimer raised their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $71.71.

Allison Transmission Stock Performance

Allison Transmission stock traded down $0.42 during trading hours on Thursday, reaching $74.80. 156,899 shares of the stock were exchanged, compared to its average volume of 673,449. The stock has a market cap of $6.54 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.40 and a beta of 1.04. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51. Allison Transmission Holdings, Inc. has a 52-week low of $47.22 and a 52-week high of $83.42. The firm’s 50 day moving average is $78.12 and its 200 day moving average is $66.82.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. Allison Transmission’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 EPS. Analysts predict that Allison Transmission Holdings, Inc. will post 7.56 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. Allison Transmission’s dividend payout ratio is presently 13.35%.

Allison Transmission Company 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.