Pacer Advisors Inc. Sells 311,238 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Pacer Advisors Inc. cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 15.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,682,734 shares of the auto parts company’s stock after selling 311,238 shares during the quarter. Pacer Advisors Inc. owned about 1.94% of Allison Transmission worth $161,660,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC acquired a new position in Allison Transmission in the 3rd quarter valued at $52,156,000. Thompson Siegel & Walmsley LLC raised its holdings in Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after acquiring an additional 230,152 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Allison Transmission by 86.7% in the 3rd quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company’s stock valued at $23,551,000 after acquiring an additional 113,868 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Allison Transmission in the 2nd quarter valued at $7,953,000. Finally, Burney Co. raised its holdings in Allison Transmission by 34.7% in the 1st quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock valued at $32,119,000 after acquiring an additional 101,920 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

Shares of ALSN opened at $115.30 on Thursday. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.06 and a beta of 0.98. The stock has a 50 day moving average of $101.95 and a 200 day moving average of $87.86. Allison Transmission Holdings, Inc. has a 12 month low of $53.00 and a 12 month high of $121.36.

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

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. Allison Transmission’s payout ratio is 12.18%.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,741 shares of company stock worth $781,520 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ALSN. Citigroup boosted their price target on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday. Oppenheimer boosted their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group boosted their price target on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $94.25.

Allison Transmission Company 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.