Harvest Investment Advisors LLC Has $1.80 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Harvest Investment Advisors LLC lessened its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,880 shares of the auto parts company’s stock after selling 5,072 shares during the period. Allison Transmission accounts for 1.4% of Harvest Investment Advisors LLC’s holdings, making the stock its 15th biggest holding. Harvest Investment Advisors LLC’s holdings in Allison Transmission were worth $1,796,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ALSN. Prudential PLC increased its position in shares of Allison Transmission by 121.1% during the fourth quarter. Prudential PLC now owns 55,092 shares of the auto parts company’s stock worth $3,204,000 after acquiring an additional 30,179 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Allison Transmission by 7.7% in the fourth quarter. Pinebridge Investments L.P. now owns 23,597 shares of the auto parts company’s stock valued at $1,372,000 after purchasing an additional 1,681 shares during the period. Prevatt Capital Ltd bought a new stake in Allison Transmission during the 4th quarter worth approximately $14,538,000. Eagle Asset Management Inc. increased its holdings in Allison Transmission by 4.6% during the 4th quarter. Eagle Asset Management Inc. now owns 71,058 shares of the auto parts company’s stock worth $4,132,000 after acquiring an additional 3,100 shares during the period. Finally, Isthmus Partners LLC increased its holdings in Allison Transmission by 3.5% during the 4th quarter. Isthmus Partners LLC now owns 244,553 shares of the auto parts company’s stock worth $14,221,000 after acquiring an additional 8,169 shares during the period. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the sale, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Stock Up 0.8 %

NYSE:ALSN traded up $0.55 during mid-day trading on Friday, reaching $73.61. The company’s stock had a trading volume of 416,397 shares, compared to its average volume of 470,736. Allison Transmission Holdings, Inc. has a 1 year low of $50.13 and a 1 year high of $83.42. The stock has a fifty day moving average of $77.26 and a 200-day moving average of $68.54. The firm has a market capitalization of $6.44 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79.

Allison Transmission (NYSE:ALSNGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. During the same quarter in the prior year, the company posted $1.85 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a $0.25 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.36%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of research reports. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Friday. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Oppenheimer upped their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. Finally, Robert W. Baird increased their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.71.

Read Our Latest Stock Analysis on Allison Transmission

Allison Transmission Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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