BNP Paribas Financial Markets Sells 72,463 Shares of Allison Transmission Holdings, Inc. $ALSN

BNP Paribas Financial Markets trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 26.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,977 shares of the auto parts company’s stock after selling 72,463 shares during the period. BNP Paribas Financial Markets’ holdings in Allison Transmission were worth $19,480,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rossby Financial LCC raised its stake in shares of Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 153 shares during the period. Larson Financial Group LLC raised its stake in shares of Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 263 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Allison Transmission during the 4th quarter worth $51,000. Advisory Services Network LLC bought a new stake in shares of Allison Transmission during the 3rd quarter worth $61,000. Finally, Wolverine Asset Management LLC raised its stake in shares of Allison Transmission by 120.4% during the 4th quarter. Wolverine Asset Management LLC now owns 695 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 4,100 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Insider Transactions at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the completion of the transaction, the chief financial officer owned 1,053 shares of the company’s stock, valued at approximately $131,625. The trade was a 68.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the transaction, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. The trade was a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Down 2.3%

ALSN stock opened at $115.67 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $9.59 billion, a PE ratio of 17.99, a PEG ratio of 0.63 and a beta of 0.94. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The stock has a 50-day simple moving average of $121.28 and a two-hundred day simple moving average of $111.49.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The company’s quarterly revenue was up 83.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 EPS. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.96 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s payout ratio is presently 18.04%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ALSN shares. Morgan Stanley lifted their target price on Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Wells Fargo & Company boosted their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Citigroup boosted their price objective on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Finally, Zacks Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.29.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.