Atlas Capital Advisors LLC Has $904,000 Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Atlas Capital Advisors LLC cut its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,908 shares of the auto parts company’s stock after selling 1,196 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Allison Transmission were worth $904,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Versant Capital Management Inc increased its position in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 336 shares during the period. Triad Wealth Partners LLC bought a new stake in Allison Transmission in the second quarter valued at $33,000. SRS Capital Advisors Inc. grew its position in Allison Transmission by 256.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 426 shares during the period. TFO Wealth Partners LLC grew its position in Allison Transmission by 8,975.0% in the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 718 shares during the period. Finally, Headlands Technologies LLC grew its position in Allison Transmission by 237.4% in the fourth quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 781 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Allison Transmission Trading Up 1.8 %

Shares of ALSN opened at $92.75 on Friday. 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 Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $92.82. The firm has a market capitalization of $8.11 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The stock’s fifty day simple moving average is $82.81 and its 200-day simple moving average is $78.47.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.08%. The ex-dividend date was Monday, August 19th. Allison Transmission’s payout ratio is 13.35%.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the sale, the senior vice president now owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.