Commonwealth Equity Services LLC increased its position in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 23.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,297 shares of the auto parts company’s stock after buying an additional 2,156 shares during the period. Commonwealth Equity Services LLC’s holdings in Allison Transmission were worth $587,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Schroder Investment Management Group boosted its holdings in Allison Transmission by 49.8% in the 2nd quarter. Schroder Investment Management Group now owns 3,725,693 shares of the auto parts company’s stock valued at $179,746,000 after purchasing an additional 1,238,955 shares during the period. Wells Fargo & Company MN boosted its holdings in Allison Transmission by 117.7% in the 3rd quarter. Wells Fargo & Company MN now owns 2,240,544 shares of the auto parts company’s stock valued at $116,530,000 after purchasing an additional 1,211,258 shares during the period. BlackRock Inc. boosted its holdings in Allison Transmission by 19.3% in the 2nd quarter. BlackRock Inc. now owns 7,225,286 shares of the auto parts company’s stock valued at $292,550,000 after purchasing an additional 1,169,447 shares during the period. LSV Asset Management boosted its holdings in Allison Transmission by 60.8% in the 2nd quarter. LSV Asset Management now owns 2,922,631 shares of the auto parts company’s stock valued at $118,337,000 after purchasing an additional 1,104,587 shares during the period. Finally, CIBC World Markets Inc. bought a new stake in Allison Transmission in the 2nd quarter valued at $17,515,000.

ALSN has been the subject of a number of research reports. Citigroup reduced their price target on shares of Allison Transmission from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Mizuho set a $55.00 price target on shares of Allison Transmission and gave the company a “buy” rating in a report on Wednesday, October 31st. Oppenheimer set a $50.00 price target on shares of Allison Transmission and gave the company a “buy” rating in a report on Monday, October 29th. ValuEngine cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, Buckingham Research set a $50.00 price objective on shares of Allison Transmission and gave the company a “hold” rating in a research note on Thursday, October 11th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $47.82.

Shares of ALSN stock opened at $45.53 on Friday. Allison Transmission Holdings Inc has a 52-week low of $37.41 and a 52-week high of $53.76. The firm has a market capitalization of $5.84 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.41. The company has a quick ratio of 1.33, a current ratio of 1.71 and a debt-to-equity ratio of 3.69.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, October 29th. The auto parts company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Allison Transmission had a net margin of 26.64% and a return on equity of 90.71%. The company had revenue of $692.00 million during the quarter, compared to analysts’ expectations of $656.52 million. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue was up 16.3% on a year-over-year basis. As a group, equities research analysts forecast that Allison Transmission Holdings Inc will post 4.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Monday, November 19th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, November 16th. Allison Transmission’s dividend payout ratio is 22.56%.

In related news, Director Lawrence E. Dewey sold 111,459 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $51.77, for a total transaction of $5,770,232.43. Following the completion of the sale, the director now owns 400,133 shares in the company, valued at approximately $20,714,885.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence E. Dewey sold 262,795 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $51.61, for a total transaction of $13,562,849.95. Following the sale, the director now owns 479,870 shares of the company’s stock, valued at approximately $24,766,090.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 378,724 shares of company stock valued at $19,561,946. Corporate insiders own 8.40% of the company’s stock.

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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 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.

Further Reading: Quiet Period

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

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