Clifford Swan Investment Counsel LLC Has $32.75 Million Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Clifford Swan Investment Counsel LLC lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.3% during the 4th quarter, HoldingsChannel reports. The firm owned 334,527 shares of the auto parts company’s stock after selling 11,415 shares during the quarter. Allison Transmission comprises 1.1% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 25th biggest position. Clifford Swan Investment Counsel LLC’s holdings in Allison Transmission were worth $32,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Rossby Financial LCC boosted its position in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 153 shares during the period. Larson Financial Group LLC boosted its position in shares of 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 acquiring an additional 263 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Allison Transmission during the fourth quarter worth $51,000. Wolverine Asset Management LLC boosted its stake in Allison Transmission by 120.4% during the fourth 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 in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Allison Transmission during the third quarter worth $61,000. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

ALSN has been the subject of a number of analyst reports. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Morgan Stanley raised their target price on Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Citigroup raised their target price on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Wells Fargo & Company lifted their price objective on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Zacks Research lowered 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, one has given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $120.29.

Allison Transmission Price Performance

Shares of ALSN opened at $118.41 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. The stock has a 50 day simple moving average of $121.35 and a 200 day simple moving average of $111.46. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The firm has a market capitalization of $9.82 billion, a PE ratio of 18.42, a P/E/G ratio of 0.64 and a beta of 0.94.

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

Allison Transmission Dividend Announcement

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

Insider Activity at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott A. Mell sold 2,270 shares of the business’s 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 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 SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

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.