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

London Co. of Virginia cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,099,988 shares of the auto parts company’s stock after selling 141,690 shares during the period. London Co. of Virginia’s holdings in Allison Transmission were worth $205,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALSN. Caprock Group LLC boosted its position in shares of Allison Transmission by 191.5% during the fourth quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company’s stock worth $2,550,000 after acquiring an additional 17,114 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Allison Transmission by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock worth $27,903,000 after acquiring an additional 14,445 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Allison Transmission by 109.9% during the fourth quarter. SG Americas Securities LLC now owns 17,014 shares of the auto parts company’s stock worth $1,666,000 after acquiring an additional 8,910 shares during the last quarter. UBS Group AG boosted its position in shares of Allison Transmission by 30.4% during the fourth quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock worth $122,590,000 after acquiring an additional 291,649 shares during the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of Allison Transmission by 52.2% during the fourth quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock worth $2,896,000 after acquiring an additional 10,145 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Trading Up 1.4%

ALSN stock opened at $121.19 on Wednesday. The company has a market capitalization of $10.05 billion, a PE ratio of 18.85, a P/E/G ratio of 0.64 and a beta of 0.94. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The firm’s 50-day moving average is $121.42 and its 200 day moving average is $113.34. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.10 by $0.47. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The firm’s revenue was up 83.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.23 EPS. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.96 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is 18.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ALSN shares. Citigroup upped their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Wells Fargo & Company upped their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Oppenheimer increased their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley increased their price objective on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.17.

Insider Buying and Selling

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the transaction, the chief financial officer owned 1,053 shares of the company’s stock, valued at approximately $131,625. This trade represents a 68.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.