Clifford Swan Investment Counsel LLC Lowers Position in Allison Transmission Holdings, Inc. $ALSN

Clifford Swan Investment Counsel LLC decreased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,022 shares of the auto parts company’s stock after selling 5,505 shares during the quarter. Allison Transmission accounts for approximately 1.3% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 15th largest holding. Clifford Swan Investment Counsel LLC owned 0.40% of Allison Transmission worth $38,515,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in Allison Transmission during the first quarter worth $26,000. Cedar Mountain Advisors LLC purchased a new position in Allison Transmission in the first quarter valued at $27,000. Larson Financial Group LLC increased its holdings in Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after buying an additional 263 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 338 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Allison Transmission in the fourth quarter worth about $51,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

ALSN opened at $113.43 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 company has a market cap of $9.41 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.63 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The firm’s fifty day simple moving average is $116.08 and its two-hundred day simple moving average is $116.52.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company earned $2.23 earnings per share. The company’s quarterly revenue was up 83.6% on a year-over-year basis. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.84 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

Insider Buying and Selling

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction that occurred on 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 $131,625. This represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALSN. Citigroup lowered their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley upped their price target on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Wells Fargo & Company raised their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Zacks Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.17.

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.