Natixis Advisors L.P. Lowers Position in Allison Transmission Holdings Inc (ALSN)

Natixis Advisors L.P. trimmed its holdings in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,715 shares of the auto parts company’s stock after selling 1,909 shares during the quarter. Natixis Advisors L.P.’s holdings in Allison Transmission were worth $4,685,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Interstate Bank bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $26,000. Capital Investment Advisory Services LLC bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $43,000. Rehmann Capital Advisory Group grew its stake in shares of Allison Transmission by 202.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 934 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 625 shares in the last quarter. First Mercantile Trust Co. grew its stake in shares of Allison Transmission by 43.7% during the 4th quarter. First Mercantile Trust Co. now owns 1,250 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 380 shares in the last quarter. Finally, Bremer Trust National Association bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $58,000. 95.92% of the stock is owned by institutional investors and hedge funds.

In other Allison Transmission news, Director Lawrence E. Dewey sold 106,176 shares of the firm’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $46.13, for a total transaction of $4,897,898.88. Following the completion of the sale, the director now owns 215,152 shares of the company’s stock, valued at approximately $9,924,961.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Harker sold 2,030 shares of the firm’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $50.01, for a total value of $101,520.30. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.

ALSN has been the subject of several research reports. Macquarie cut shares of Allison Transmission from a “neutral” rating to an “underperform” rating in a research note on Thursday, November 29th. Zacks Investment Research cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Stifel Nicolaus cut shares of Allison Transmission from a “buy” rating to a “hold” rating and decreased their price target for the stock from $55.00 to $48.00 in a research note on Wednesday, March 6th. Finally, Piper Jaffray Companies set a $28.00 price target on shares of Allison Transmission and gave the stock a “sell” rating in a research note on Monday, January 14th. Two investment 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’s stock. Allison Transmission currently has an average rating of “Hold” and a consensus price target of $48.78.

NYSE ALSN opened at $45.65 on Friday. The company has a market capitalization of $5.76 billion, a PE ratio of 9.55, a P/E/G ratio of 1.01 and a beta of 1.38. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.70 and a quick ratio of 1.30. Allison Transmission Holdings Inc has a 12 month low of $37.41 and a 12 month high of $53.76.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, February 25th. The auto parts company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.96 by $0.18. The company had revenue of $647.00 million during the quarter, compared to the consensus estimate of $631.22 million. Allison Transmission had a return on equity of 96.42% and a net margin of 23.55%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 EPS. On average, sell-side analysts forecast that Allison Transmission Holdings Inc will post 4.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, March 1st. Allison Transmission’s payout ratio is presently 12.55%.

ILLEGAL ACTIVITY NOTICE: “Natixis Advisors L.P. Lowers Position in Allison Transmission Holdings Inc (ALSN)” was reported by WKRB News and is owned by of WKRB News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.wkrb13.com/2019/03/17/natixis-advisors-l-p-lowers-position-in-allison-transmission-holdings-inc-alsn.html.

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.

Read More: Why is the price-sales ratio important?

Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings Inc (NYSE:ALSN).

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

Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.