Delta Investment Management LLC Cuts Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Delta Investment Management LLC lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,275 shares of the auto parts company’s stock after selling 172 shares during the quarter. Delta Investment Management LLC’s holdings in Allison Transmission were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALSN. Global Retirement Partners LLC boosted its stake in shares of Allison Transmission by 1,706.7% in the 3rd quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock worth $32,000 after buying an additional 512 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in Allison Transmission by 222.5% in the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 416 shares during the last quarter. Quent Capital LLC lifted its stake in Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. IFP Advisors Inc lifted its stake in Allison Transmission by 1,538.6% in the third quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 677 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in Allison Transmission by 237.4% in the fourth quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded down $5.77 during trading on Friday, hitting $74.49. The stock had a trading volume of 1,656,438 shares, compared to its average volume of 572,644. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 9.95, a P/E/G ratio of 1.48 and a beta of 1.03. Allison Transmission Holdings, Inc. has a 12 month low of $44.68 and a 12 month high of $83.42. The business’s 50-day moving average is $77.83 and its 200 day moving average is $64.33. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $772.37 million. Allison Transmission had a return on equity of 58.05% and a net margin of 21.80%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 earnings per share. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 7.74 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio is currently 13.35%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Oppenheimer increased their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. The Goldman Sachs Group increased their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Friday. Morgan Stanley assumed coverage on Allison Transmission in a research report on Monday, January 8th. They set an “equal weight” rating and a $62.00 target price on the stock. Finally, Robert W. Baird increased their target price on Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and an average target price of $68.25.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the transaction, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Allison Transmission news, VP Niekerk Teresa Van sold 6,241 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $74.87, for a total transaction of $467,263.67. Following the completion of the sale, the vice president now directly owns 21,112 shares in the company, valued at $1,580,655.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the sale, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock valued at $6,244,562 over the last 90 days. 1.10% of the stock is owned by insiders.

About Allison Transmission

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.