Fmr LLC Raises Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Fmr LLC boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 24.3% in the third quarter, HoldingsChannel reports. The firm owned 12,745,697 shares of the auto parts company’s stock after buying an additional 2,493,310 shares during the period. Fmr LLC owned 0.15% of Allison Transmission worth $1,224,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ALSN. Versant Capital Management Inc raised its stake in shares of Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Allison Transmission during the second quarter worth about $33,000. Fifth Third Bancorp grew its holdings in Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 506 shares during the period. Quent Capital LLC raised its position in Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 172 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 162 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the transaction, the senior vice president now owns 8,420 shares of the company’s stock, valued at $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares in the company, valued at $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,741 shares of company stock valued at $781,520. 1.10% of the stock is owned by company insiders.

Allison Transmission Price Performance

Allison Transmission stock opened at $119.57 on Wednesday. Allison Transmission Holdings, Inc. has a 52-week low of $53.09 and a 52-week high of $122.53. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.13 and a beta of 0.98. The company has a fifty day simple moving average of $104.48 and a 200-day simple moving average of $89.16. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Monday, November 18th. Allison Transmission’s dividend payout ratio is currently 12.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Robert W. Baird lifted their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $94.25.

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.