Inspire Investing LLC Trims Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Inspire Investing LLC lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 13.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,701 shares of the auto parts company’s stock after selling 586 shares during the period. Inspire Investing LLC’s holdings in Allison Transmission were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALSN. World Investment Advisors LLC purchased a new stake in shares of Allison Transmission in the third quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Allison Transmission in the fourth quarter valued at about $31,000. Quarry LP boosted its holdings in Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Allison Transmission during the 3rd quarter worth approximately $67,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after buying an additional 162 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of analyst reports. Citigroup decreased their price target on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Finally, Robert W. Baird increased their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.38.

Insider Activity at Allison Transmission

In related news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,639 shares of company stock valued at $2,683,537. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Down 3.5 %

ALSN stock opened at $115.41 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission Holdings, Inc. has a 12 month low of $60.03 and a 12 month high of $122.53. The firm has a market capitalization of $10.00 billion, a PE ratio of 14.06, a P/E/G ratio of 1.90 and a beta of 1.00. The company’s 50 day simple moving average is $114.19 and its 200-day simple moving average is $100.90.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same quarter last year, the business posted $1.76 earnings per share. Allison Transmission’s revenue was up 12.0% compared to the same quarter last year. Equities analysts expect that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s dividend payout ratio is presently 12.18%.

Allison Transmission Company Profile

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.