Allison Transmission Holdings, Inc. $ALSN Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,018,679 shares of the auto parts company’s stock after selling 62,613 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.22% of Allison Transmission worth $86,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new stake in Allison Transmission during the second quarter worth about $28,000. Cullen Frost Bankers Inc. grew its holdings 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 valued at $37,000 after purchasing an additional 373 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in Allison Transmission during the 2nd quarter worth approximately $38,000. True Wealth Design LLC boosted its position in Allison Transmission by 93.2% in the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after buying an additional 218 shares during the period. Finally, First Horizon Corp purchased a new position in Allison Transmission in the 3rd quarter valued at approximately $40,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Trading Up 1.3%

NYSE:ALSN opened at $111.71 on Wednesday. The stock has a 50-day simple moving average of $101.40 and a 200-day simple moving average of $91.15. The stock has a market cap of $9.30 billion, a P/E ratio of 13.69, a P/E/G ratio of 1.15 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $117.07. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, November 21st. Allison Transmission’s payout ratio is currently 13.24%.

Insider Activity

In related news, SVP John Coll sold 1,791 shares of the stock in a transaction on Wednesday, December 31st. The shares were 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 $989,974.59. This trade represents a 15.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ALSN shares. Citigroup upped their price objective on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Wells Fargo & Company increased their price target on Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Allison Transmission in a research note on Wednesday, January 21st. Finally, Morgan Stanley upped their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $102.00.

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.