Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 17.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,082 shares of the auto parts company’s stock after selling 5,121 shares during the quarter. Truist Financial Corp’s holdings in Allison Transmission were worth $1,904,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Creative Planning increased its stake in shares of Allison Transmission by 5.1% in the second quarter. Creative Planning now owns 4,781 shares of the auto parts company’s stock worth $363,000 after buying an additional 230 shares during the last quarter. Algert Global LLC increased its position in shares of Allison Transmission by 6.0% in the 2nd quarter. Algert Global LLC now owns 126,023 shares of the auto parts company’s stock worth $9,565,000 after purchasing an additional 7,088 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its stake in shares of Allison Transmission by 43.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 19,800 shares of the auto parts company’s stock valued at $1,503,000 after purchasing an additional 6,000 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Allison Transmission during the second quarter valued at approximately $342,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Allison Transmission by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 28,612 shares of the auto parts company’s stock worth $2,172,000 after purchasing an additional 1,093 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ALSN shares. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup upped their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday. Robert W. Baird raised their price objective 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 shares of Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price on the stock. Finally, The Goldman Sachs Group increased their price objective on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and a consensus price target of $86.86.

Allison Transmission Price Performance

NYSE ALSN opened at $100.25 on Friday. The stock’s 50-day moving average is $89.94 and its two-hundred day moving average is $82.11. 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 Holdings, Inc. has a fifty-two week low of $50.13 and a fifty-two week high of $100.73. The firm has a market cap of $8.74 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.

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 the consensus estimate of $2.04 by $0.09. The business 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%. Allison Transmission’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.00%. Allison Transmission’s dividend payout ratio is presently 12.99%.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock worth $546,060 in the last 90 days. 1.10% of the stock is owned by company 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.