Lecap Asset Management Ltd. Sells 6,961 Shares of Allison Transmission Holdings, Inc. $ALSN

Lecap Asset Management Ltd. cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 43.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,022 shares of the auto parts company’s stock after selling 6,961 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Allison Transmission were worth $883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of ALSN. GHP Investment Advisors Inc. increased its position in shares of Allison Transmission by 6.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 24,411 shares of the auto parts company’s stock worth $2,390,000 after purchasing an additional 1,500 shares during the last quarter. Merit Financial Group LLC lifted its position in Allison Transmission by 15.7% during the fourth quarter. Merit Financial Group LLC now owns 8,500 shares of the auto parts company’s stock valued at $832,000 after purchasing an additional 1,154 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Allison Transmission in the 4th quarter worth approximately $51,000. Cornerstone Wealth Group LLC bought a new position in Allison Transmission in the fourth quarter valued at $212,000. Finally, CWM LLC raised its holdings in shares of Allison Transmission by 20.7% during the 4th quarter. CWM LLC now owns 29,068 shares of the auto parts company’s stock valued at $2,846,000 after buying an additional 4,986 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on ALSN shares. Citigroup boosted their price target on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Wells Fargo & Company lifted their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Zacks Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Oppenheimer lifted their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $114.13.

Insider Buying and Selling at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the transaction, the insider owned 17,654 shares in the company, valued at $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $128.59 on Monday. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The firm’s 50-day moving average price is $119.07 and its 200-day moving average price is $102.68. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $130.82. The company has a market cap of $10.69 billion, a PE ratio of 17.54, a PEG ratio of 0.85 and a beta of 0.97.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were given a $0.29 dividend. The ex-dividend date was Monday, March 9th. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s payout ratio is 15.83%.

Allison Transmission Company 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.