Wedge Capital Management L L P NC Cuts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Wedge Capital Management L L P NC decreased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 24.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 156,340 shares of the auto parts company’s stock after selling 49,293 shares during the quarter. Wedge Capital Management L L P NC owned 0.18% of Allison Transmission worth $16,894,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ALSN. FMR LLC boosted its position in Allison Transmission by 24.3% in the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after buying an additional 2,493,310 shares during the period. Geode Capital Management LLC raised its stake in shares of Allison Transmission by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after acquiring an additional 79,506 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Allison Transmission by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after purchasing an additional 41,168 shares during the period. State Street Corp grew its stake in Allison Transmission by 0.8% during the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after purchasing an additional 13,252 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Allison Transmission by 34.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after purchasing an additional 233,214 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $119.47 on Friday. Allison Transmission Holdings, Inc. has a 12 month low of $55.81 and a 12 month high of $122.53. The firm has a market capitalization of $10.35 billion, a P/E ratio of 14.55, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The company’s fifty day moving average price is $114.02 and its 200 day moving average price is $98.98.

Allison Transmission (NYSE:ALSN) last posted its 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. The business had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 8.26 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insiders Place Their Bets

In other news, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the completion of the transaction, the senior vice president now owns 8,420 shares in the company, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,639 shares of company stock valued at $2,683,537. Insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALSN shares. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Morgan Stanley boosted their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Robert W. Baird lifted their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.38.

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.