Soltis Investment Advisors LLC Has $3.27 Million Stake in Allison Transmission Holdings, Inc. $ALSN

Soltis Investment Advisors LLC decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,408 shares of the auto parts company’s stock after selling 6,559 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Allison Transmission were worth $3,271,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rossby Financial LCC grew its position 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 buying an additional 153 shares during the period. First Horizon Corp acquired a new stake in shares of Allison Transmission during the 3rd quarter worth approximately $40,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Allison Transmission during the 4th quarter worth approximately $51,000. Wolverine Asset Management LLC grew its position 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 buying an additional 4,100 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Allison Transmission during the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Down 4.4%

Shares of NYSE ALSN opened at $116.98 on Friday. The stock has a market cap of $9.70 billion, a P/E ratio of 18.19, a P/E/G ratio of 0.63 and a beta of 1.01. The firm has a 50 day moving average price of $121.89 and a 200 day moving average price of $108.23. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.17 and a current ratio of 1.85. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62.

Allison Transmission (NYSE:ALSN) last announced its quarterly 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. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $2.23 earnings per share. The business’s revenue was up 83.6% on a year-over-year basis. Analysts expect that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. 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 Allison Transmission stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following 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 filing with the SEC, which is available through the SEC website. Also, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the transaction, the insider directly owned 17,654 shares in the company, valued at approximately $2,019,617.60. The trade was a 6.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Morgan Stanley boosted their price objective on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a report on Wednesday. Oppenheimer boosted their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Finally, Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $116.50.

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.