Sigma Planning Corp increased its holdings in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 39.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,720 shares of the auto parts company’s stock after buying an additional 1,898 shares during the period. Sigma Planning Corp’s holdings in Allison Transmission were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Interstate Bank acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $26,000. Advisory Services Network LLC increased its stake in shares of Allison Transmission by 128.3% in the fourth quarter. Advisory Services Network LLC now owns 685 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 385 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $43,000. First Mercantile Trust Co. increased its stake in shares of Allison Transmission by 43.7% in the fourth quarter. First Mercantile Trust Co. now owns 1,250 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 380 shares during the period. Finally, Bremer Trust National Association acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $58,000.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Mizuho restated a “hold” rating and issued a $53.00 price target on shares of Allison Transmission in a research note on Tuesday, February 26th. Finally, Stifel Nicolaus lowered shares of Allison Transmission from a “buy” rating to a “hold” rating and dropped their price target for the company from $55.00 to $48.00 in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.22.

In related news, CFO G Frederick Bohley acquired 5,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of $46.00 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 40,940 shares of the company’s stock, valued at approximately $1,883,240. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William R. Harker sold 75,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $47.08, for a total transaction of $3,531,000.00. The disclosure for this sale can be found here. Company insiders own 9.00% of the company’s stock.

Shares of NYSE:ALSN opened at $44.18 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.49 and a debt-to-equity ratio of 3.37. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.94 and a beta of 1.36. Allison Transmission Holdings Inc has a 52 week low of $39.41 and a 52 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.20. The business had revenue of $675.00 million during the quarter, compared to analysts’ expectations of $658.01 million. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. Sell-side analysts predict that Allison Transmission Holdings Inc will post 4.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 17th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.55%.

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Allison Transmission 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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