Wealth Enhancement Advisory Services LLC Lowers Position in Allison Transmission Holdings, Inc. $ALSN

Wealth Enhancement Advisory Services LLC trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,157 shares of the auto parts company’s stock after selling 5,561 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Allison Transmission were worth $1,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ALSN. Signaturefd LLC increased its stake in shares of Allison Transmission by 38.7% in the 2nd quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock worth $81,000 after acquiring an additional 238 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Allison Transmission by 2,937.4% in the second quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company’s stock worth $17,606,000 after purchasing an additional 179,243 shares during the period. Arcus Capital Partners LLC bought a new position in shares of Allison Transmission during the second quarter valued at approximately $381,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Allison Transmission during the second quarter valued at approximately $1,041,000. Finally, Soltis Investment Advisors LLC boosted its position in shares of Allison Transmission by 541.3% in the 2nd quarter. Soltis Investment Advisors LLC now owns 38,692 shares of the auto parts company’s stock worth $3,675,000 after purchasing an additional 32,659 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $108.73 on Friday. The firm’s 50-day moving average price is $100.42 and its 200-day moving average price is $90.81. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $119.64. The company has a market cap of $9.05 billion, a PE ratio of 13.32, a PEG ratio of 1.16 and a beta of 0.98. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data 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 net margin of 22.78% and a return on equity of 40.46%. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. During the same quarter last year, the company earned $2.27 EPS. The firm’s revenue for the quarter was down 15.9% on a year-over-year basis. As a group, analysts anticipate 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. Investors of record on Friday, November 21st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, November 21st. Allison Transmission’s dividend payout ratio is 13.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ALSN shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Allison Transmission in a research report on Wednesday, January 21st. Wells Fargo & Company raised their price target on Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Citigroup lifted their price target on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus target price of $102.00.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.