Harbour Investments Inc. Sells 119 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Harbour Investments Inc. reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,901 shares of the auto parts company’s stock after selling 119 shares during the period. Harbour Investments Inc.’s holdings in Allison Transmission were worth $144,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALSN. Dimensional Fund Advisors LP raised its position in shares of Allison Transmission by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,863,151 shares of the auto parts company’s stock valued at $108,345,000 after purchasing an additional 118,648 shares during the period. Norges Bank acquired a new position in Allison Transmission in the 4th quarter valued at about $56,334,000. Allianz Asset Management GmbH raised its holdings in Allison Transmission by 7.7% in the 4th quarter. Allianz Asset Management GmbH now owns 941,405 shares of the auto parts company’s stock valued at $54,743,000 after acquiring an additional 67,332 shares during the period. Wasatch Advisors LP lifted its position in Allison Transmission by 14.6% during the fourth quarter. Wasatch Advisors LP now owns 885,555 shares of the auto parts company’s stock worth $51,495,000 after acquiring an additional 112,775 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Allison Transmission by 12.8% during the second quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock worth $51,903,000 after acquiring an additional 77,649 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ALSN shares. Robert W. Baird increased their target price on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Raymond James initiated coverage on Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 20th. Finally, Citigroup started coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.57.

Allison Transmission Trading Up 1.8 %

ALSN opened at $92.75 on Friday. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.56 and a beta of 0.99. The company has a quick ratio of 1.95, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $92.82. The company has a 50-day simple moving average of $82.81 and a 200 day simple moving average of $78.47.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. The company had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 EPS. Analysts predict that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the transaction, the senior vice president now owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.