Parcion Private Wealth LLC Sells 39,664 Shares of Allison Transmission Holdings, Inc. $ALSN

Parcion Private Wealth LLC lessened its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 85.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,773 shares of the auto parts company’s stock after selling 39,664 shares during the period. Parcion Private Wealth LLC’s holdings in Allison Transmission were worth $767,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Soltis Investment Advisors LLC grew its position in Allison Transmission by 21.7% in the 3rd quarter. Soltis Investment Advisors LLC now owns 53,637 shares of the auto parts company’s stock worth $6,075,000 after purchasing an additional 9,554 shares during the last quarter. Choreo LLC increased its stake in shares of Allison Transmission by 10.2% in the third quarter. Choreo LLC now owns 5,588 shares of the auto parts company’s stock valued at $633,000 after purchasing an additional 518 shares during the period. BOKF NA increased its stake in shares of Allison Transmission by 1.8% in the third quarter. BOKF NA now owns 16,362 shares of the auto parts company’s stock valued at $1,853,000 after purchasing an additional 295 shares during the period. AMI Investment Management Inc. raised its holdings in shares of Allison Transmission by 3.1% during the third quarter. AMI Investment Management Inc. now owns 27,537 shares of the auto parts company’s stock valued at $3,119,000 after buying an additional 829 shares during the last quarter. Finally, Viewpoint Investment Partners Corp bought a new stake in shares of Allison Transmission during the third quarter valued at approximately $238,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $107.86 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The company’s 50-day moving average price is $117.78 and its two-hundred day moving average price is $118.28. Allison Transmission Holdings, Inc. has a 52 week low of $78.19 and a 52 week high of $137.62. The stock has a market cap of $8.91 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.57 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.25. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business’s revenue for the quarter was up 92.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 EPS. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 10.25 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 21st. Allison Transmission’s dividend payout ratio is 18.44%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALSN shares. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wells Fargo & Company decreased their price target on Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating for the company in a research note on Thursday, October 8th. Morgan Stanley lifted their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, Citigroup upgraded shares of Allison Transmission from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.57.

Insider Buying and Selling at Allison Transmission

In other news, insider Eric Scroggins sold 1,050 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares of the company’s stock, valued at $2,075,500. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Graziosi sold 26,708 shares of Allison Transmission stock in a transaction on Friday, August 21st. The stock was sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the transaction, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Allison Transmission Profile

Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.

Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.