AMI Investment Management Inc. Decreases Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

AMI Investment Management Inc. lowered its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,535 shares of the auto parts company’s stock after selling 1,016 shares during the period. Allison Transmission makes up approximately 1.3% of AMI Investment Management Inc.’s holdings, making the stock its 29th largest holding. AMI Investment Management Inc.’s holdings in Allison Transmission were worth $3,533,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ALSN. Kestra Advisory Services LLC bought a new position in Allison Transmission in the 3rd quarter worth $579,000. Envestnet Portfolio Solutions Inc. bought a new position in Allison Transmission in the third quarter worth about $330,000. Envestnet Asset Management Inc. lifted its holdings in Allison Transmission by 25.4% in the third quarter. Envestnet Asset Management Inc. now owns 247,718 shares of the auto parts company’s stock worth $14,630,000 after buying an additional 50,177 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Allison Transmission by 35.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 65,714 shares of the auto parts company’s stock valued at $3,881,000 after acquiring an additional 17,125 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Allison Transmission by 5.3% during the 3rd quarter. Treasurer of the State of North Carolina now owns 50,000 shares of the auto parts company’s stock worth $2,953,000 after acquiring an additional 2,529 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Up 2.2 %

ALSN stock traded up $1.61 during mid-day trading on Friday, reaching $75.90. The company had a trading volume of 1,457,464 shares, compared to its average volume of 495,913. The firm has a 50 day moving average of $75.26 and a 200 day moving average of $70.84. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $83.42. The company has a market capitalization of $6.64 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02.

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

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.32%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insider Activity

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the transaction, the vice president now directly owns 4,624 shares in the company, valued at $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ALSN has been the topic of several recent research reports. Citigroup assumed coverage on Allison Transmission in a research note on Wednesday. They issued a “neutral” rating and a $80.00 price target on the stock. Oppenheimer lifted their target price 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. JPMorgan Chase & Co. upped their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. Finally, Raymond James initiated coverage on shares of Allison Transmission in a report on Friday. They set an “outperform” rating and a $85.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.25.

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.