PNC Financial Services Group Inc. decreased its holdings in Allison Transmission Holdings Inc (NYSE:ALSN) by 41.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,638 shares of the auto parts company’s stock after selling 27,921 shares during the period. PNC Financial Services Group Inc.’s holdings in Allison Transmission were worth $1,565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of ALSN. BlackRock Inc. lifted its position in shares of Allison Transmission by 19.3% during the 2nd quarter. BlackRock Inc. now owns 7,225,286 shares of the auto parts company’s stock worth $292,550,000 after purchasing an additional 1,169,447 shares during the last quarter. LSV Asset Management lifted its position in shares of Allison Transmission by 60.8% during the 2nd quarter. LSV Asset Management now owns 2,922,631 shares of the auto parts company’s stock worth $118,337,000 after purchasing an additional 1,104,587 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Allison Transmission by 83.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,029,286 shares of the auto parts company’s stock worth $41,676,000 after purchasing an additional 468,387 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Allison Transmission during the 2nd quarter worth $17,515,000. Finally, Schroder Investment Management Group lifted its position in shares of Allison Transmission by 19.5% during the 1st quarter. Schroder Investment Management Group now owns 2,486,738 shares of the auto parts company’s stock worth $97,132,000 after purchasing an additional 405,009 shares during the last quarter.

In related news, CEO David S. Graziosi sold 5,000 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $48.52, for a total value of $242,600.00. Following the completion of the sale, the chief executive officer now directly owns 196,921 shares of the company’s stock, valued at $9,554,606.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Eric C. Scroggins sold 4,940 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $49.00, for a total transaction of $242,060.00. Following the completion of the sale, the vice president now directly owns 23,893 shares of the company’s stock, valued at $1,170,757. The disclosure for this sale can be found here. Over the last three months, insiders sold 282,145 shares of company stock valued at $14,510,234. 8.40% of the stock is owned by corporate insiders.

Shares of ALSN opened at $51.78 on Tuesday. Allison Transmission Holdings Inc has a 1-year low of $34.63 and a 1-year high of $52.22. The firm has a market capitalization of $6.76 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.17 and a beta of 1.30. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.43 and a quick ratio of 1.05.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, July 30th. The auto parts company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.29. Allison Transmission had a net margin of 25.46% and a return on equity of 86.52%. The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $655.33 million. During the same period in the previous year, the company earned $0.63 earnings per share. Allison Transmission’s quarterly revenue was up 22.6% compared to the same quarter last year. sell-side analysts predict that Allison Transmission Holdings Inc will post 4.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Monday, August 20th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. Allison Transmission’s dividend payout ratio (DPR) is presently 22.56%.

Several equities research analysts have recently issued reports on ALSN shares. Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, August 1st. Mizuho started coverage on shares of Allison Transmission in a research report on Friday, June 29th. They set a “buy” rating and a $50.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Allison Transmission from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. ValuEngine raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, Bank of America lifted their price objective on shares of Allison Transmission from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.75.

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 13 transmission product lines with approximately 100 product models 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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