AMI Investment Management Inc. Sells 7,359 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

AMI Investment Management Inc. trimmed its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 16.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,176 shares of the auto parts company’s stock after selling 7,359 shares during the period. AMI Investment Management Inc.’s holdings in Allison Transmission were worth $2,746,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Allison Transmission in the second quarter valued at approximately $33,000. SRS Capital Advisors Inc. raised its position in Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 426 shares during the last quarter. TFO Wealth Partners LLC lifted its holdings in Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after buying an additional 718 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in Allison Transmission by 237.4% in the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after buying an additional 781 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Trading Up 2.4 %

Allison Transmission stock traded up $2.10 during midday trading on Friday, hitting $90.56. 514,368 shares of the stock were exchanged, compared to its average volume of 627,542. The company has a fifty day simple moving average of $81.20 and a two-hundred day simple moving average of $77.58. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $90.66. The stock has a market capitalization of $7.92 billion, a PE ratio of 12.09, a P/E/G ratio of 1.56 and a beta of 0.99. The company has a quick ratio of 1.95, a current ratio of 2.78 and a debt-to-equity ratio of 1.62.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. During the same quarter last year, the firm earned $1.92 EPS. Allison Transmission’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, August 19th. Allison Transmission’s payout ratio is 13.35%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 20th. Raymond James began coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 price target for the company. Citigroup began coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Finally, Robert W. Baird lifted their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $79.57.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the transaction, the vice president now owns 4,624 shares of the company’s stock, valued at $344,395.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the transaction, the vice president now owns 4,624 shares of the company’s stock, valued at $344,395.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Allison Transmission 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.