Freestone Capital Holdings LLC Decreases Holdings in Allison Transmission Holdings Inc (NYSE:ALSN)

Freestone Capital Holdings LLC decreased its position in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 28.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 242,467 shares of the auto parts company’s stock after selling 94,409 shares during the period. Freestone Capital Holdings LLC owned 0.19% of Allison Transmission worth $10,892,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LSV Asset Management boosted its stake in Allison Transmission by 17.6% during the first quarter. LSV Asset Management now owns 4,824,415 shares of the auto parts company’s stock worth $216,712,000 after buying an additional 721,400 shares during the period. APG Asset Management N.V. raised its holdings in Allison Transmission by 28.0% in the fourth quarter. APG Asset Management N.V. now owns 2,545,300 shares of the auto parts company’s stock worth $97,769,000 after purchasing an additional 556,400 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Allison Transmission by 9.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 2,121,905 shares of the auto parts company’s stock worth $95,316,000 after purchasing an additional 189,150 shares in the last quarter. Geode Capital Management LLC raised its holdings in Allison Transmission by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 1,679,359 shares of the auto parts company’s stock worth $73,740,000 after purchasing an additional 49,757 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Allison Transmission by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,424,822 shares of the auto parts company’s stock worth $62,563,000 after purchasing an additional 33,364 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Shares of ALSN stock traded down $0.07 during trading hours on Friday, hitting $44.36. 471,987 shares of the company’s stock were exchanged, compared to its average volume of 1,011,177. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.89 and a quick ratio of 1.49. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.94 and a beta of 1.38. Allison Transmission Holdings Inc has a fifty-two week low of $39.41 and a fifty-two week high of $53.76.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.20. Allison Transmission had a return on equity of 97.36% and a net margin of 24.04%. The firm had revenue of $675.00 million during the quarter, compared to the consensus estimate of $658.01 million. During the same period in the prior year, the company earned $1.08 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Analysts anticipate that Allison Transmission Holdings Inc will post 4.66 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, May 17th. Allison Transmission’s payout ratio is currently 12.55%.

In other Allison Transmission news, Director William R. Harker sold 75,000 shares of Allison Transmission stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $47.08, for a total value of $3,531,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO G Frederick Bohley bought 5,000 shares of the stock in a transaction on Friday, April 26th. The stock was bought at an average price of $46.00 per share, for a total transaction of $230,000.00. Following the completion of the purchase, the chief financial officer now directly owns 40,940 shares in the company, valued at approximately $1,883,240. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 5,089,819 shares of company stock valued at $237,568,166. 9.00% of the stock is owned by company insiders.

ALSN has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. ValuEngine lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Mizuho restated a “hold” rating and set a $53.00 price target on shares of Allison Transmission in a research note on Tuesday, February 26th. Stifel Nicolaus lowered Allison Transmission from a “buy” rating to a “hold” rating and dropped their price target for the stock from $55.00 to $48.00 in a research note on Wednesday, March 6th. Finally, Credit Suisse Group upped their target price on Allison Transmission from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Allison Transmission currently has an average rating of “Hold” and an average price target of $48.22.

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Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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