Clifford Swan Investment Counsel LLC Sells 1,784 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Clifford Swan Investment Counsel LLC reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 400,337 shares of the auto parts company’s stock after selling 1,784 shares during the period. Clifford Swan Investment Counsel LLC owned 0.45% of Allison Transmission worth $23,280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. London Co. of Virginia boosted its position in shares of Allison Transmission by 1.1% in the third quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company’s stock valued at $142,576,000 after acquiring an additional 26,316 shares during the period. Boston Partners boosted its holdings in Allison Transmission by 1.7% in the 3rd quarter. Boston Partners now owns 1,747,514 shares of the auto parts company’s stock valued at $102,250,000 after purchasing an additional 29,912 shares during the period. Invesco Ltd. grew its position in Allison Transmission by 17.8% in the 3rd quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock worth $87,264,000 after purchasing an additional 222,863 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Allison Transmission by 62.5% during the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after purchasing an additional 307,322 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Allison Transmission by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 674,416 shares of the auto parts company’s stock valued at $39,831,000 after buying an additional 36,171 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Price Performance

Shares of NYSE:ALSN traded down $0.60 on Friday, hitting $74.06. The stock had a trading volume of 965,882 shares, compared to its average volume of 706,495. The firm’s 50 day moving average price is $78.06 and its 200-day moving average price is $64.92. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.94 and a current ratio of 2.51. Allison Transmission Holdings, Inc. has a twelve month low of $45.36 and a twelve month high of $83.42. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 earnings per share. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

Insider Buying and Selling at Allison Transmission

In related news, CEO David S. Graziosi sold 76,318 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the transaction, the chief executive officer now owns 125,479 shares in the company, valued at approximately $8,855,053.03. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Dana Jh Pittard sold 2,686 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the sale, the vice president now owns 5,143 shares in the company, valued at $374,616.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares in the company, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,843 shares of company stock worth $6,244,562. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ALSN. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Morgan Stanley began coverage on Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 target price for the company. Robert W. Baird boosted their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Oppenheimer raised their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.71.

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.