Quest Partners LLC Sells 984 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Quest Partners LLC decreased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 73.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 357 shares of the auto parts company’s stock after selling 984 shares during the period. Quest Partners LLC’s holdings in Allison Transmission were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc grew its stake in Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of Allison Transmission in the second quarter worth $33,000. TFO Wealth Partners LLC boosted its holdings in shares of Allison Transmission by 8,975.0% in the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 718 shares during the period. Fifth Third Bancorp grew its position in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares in the last quarter. Finally, Quent Capital LLC raised its stake in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 172 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ALSN shares. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. Robert W. Baird raised their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Raymond James started coverage on shares of Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price target for the company. Finally, Citigroup started coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus price target of $79.57.

Allison Transmission Trading Up 0.1 %

Shares of Allison Transmission stock opened at $91.05 on Friday. The company has a 50 day simple moving average of $86.70 and a two-hundred day simple moving average of $80.12. The firm has a market cap of $7.96 billion, a PE ratio of 12.16, a PEG ratio of 1.54 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 1 year low of $50.13 and a 1 year high of $92.82. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) 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 revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. Analysts expect that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, August 19th. Allison Transmission’s payout ratio is currently 13.35%.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Company 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.