Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.2% in the second quarter, HoldingsChannel reports. The fund owned 235,243 shares of the auto parts company’s stock after selling 2,864 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Allison Transmission were worth $17,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALSN. Norges Bank acquired a new stake in Allison Transmission during the 4th quarter worth approximately $56,334,000. UBS Group AG increased its position in Allison Transmission by 35.7% during the 4th quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock worth $7,853,000 after purchasing an additional 35,501 shares in the last quarter. Franklin Resources Inc. increased its position in Allison Transmission by 7.4% during the 4th quarter. Franklin Resources Inc. now owns 128,379 shares of the auto parts company’s stock worth $7,465,000 after purchasing an additional 8,814 shares in the last quarter. Commerce Bank acquired a new stake in Allison Transmission during the 4th quarter worth approximately $528,000. Finally, Allianz Asset Management GmbH increased its position in Allison Transmission by 7.7% during the 4th quarter. Allianz Asset Management GmbH now owns 941,405 shares of the auto parts company’s stock worth $54,743,000 after purchasing an additional 67,332 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on ALSN shares. The Goldman Sachs Group increased their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Raymond James began coverage on shares of Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. Robert W. Baird increased 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. Finally, Citigroup began coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given 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 an average price target of $79.57.

Allison Transmission Stock Performance

Allison Transmission stock opened at $91.50 on Tuesday. The stock has a market cap of $8.00 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average of $86.93 and a 200-day moving average of $80.30. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $92.82.

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

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

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.