National Bank of Canada FI Grows Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

National Bank of Canada FI lifted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,563 shares of the auto parts company’s stock after buying an additional 1,956 shares during the period. National Bank of Canada FI’s holdings in Allison Transmission were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP boosted its stake in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after buying an additional 114 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of Allison Transmission in the second quarter valued at about $33,000. Venturi Wealth Management LLC increased its position in Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 162 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Allison Transmission during the third quarter worth about $82,000. Finally, Fifth Third Bancorp boosted its holdings in Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the transaction, the vice president now directly owns 9,601 shares in the company, valued at $912,095. This represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,303,856.58. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,380 shares of company stock valued at $2,830,837 over the last quarter. 1.10% of the stock is owned by insiders.

Allison Transmission Trading Up 0.0 %

ALSN opened at $116.51 on Friday. The business has a fifty day moving average price of $109.92 and a 200 day moving average price of $92.42. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission Holdings, Inc. has a 12 month low of $55.19 and a 12 month high of $122.53. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 2.03 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share 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 firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same period in the prior year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Allison Transmission’s payout ratio is currently 12.18%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday. Citigroup raised their target price on Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Robert W. Baird lifted their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Bank of America increased their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Finally, Oppenheimer boosted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $96.38.

About Allison Transmission

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.