Thrivent Financial for Lutherans Sells 1,481 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Thrivent Financial for Lutherans lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,659 shares of the auto parts company’s stock after selling 1,481 shares during the period. Thrivent Financial for Lutherans’ holdings in Allison Transmission were worth $2,630,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vision One Management Partners LP bought a new position in shares of Allison Transmission in the fourth quarter worth approximately $17,848,000. Thompson Siegel & Walmsley LLC lifted its position in Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after acquiring an additional 230,152 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Allison Transmission by 108.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after purchasing an additional 135,194 shares during the last quarter. Carlson Capital L P bought a new stake in shares of Allison Transmission in the 1st quarter worth $9,561,000. Finally, Wasatch Advisors LP increased its holdings in Allison Transmission by 14.6% in the 4th quarter. Wasatch Advisors LP now owns 885,555 shares of the auto parts company’s stock worth $51,495,000 after buying an additional 112,775 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the topic of several research reports. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Monday, September 2nd. The Goldman Sachs Group increased their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Raymond James assumed coverage on Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 price target for the company. Robert W. Baird increased their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Citigroup assumed coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price for the company. One investment 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. According to data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus target price of $79.57.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’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 sale, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Trading Down 0.5 %

Shares of ALSN stock opened at $96.05 on Tuesday. The stock has a fifty day simple moving average of $87.82 and a two-hundred day simple moving average of $80.85. Allison Transmission Holdings, Inc. has a 52-week low of $50.13 and a 52-week high of $97.25. The firm has a market capitalization of $8.40 billion, a PE ratio of 12.82, a PEG ratio of 1.64 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. During the same quarter last year, the company earned $1.92 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. Allison Transmission’s dividend payout ratio is 13.35%.

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.