Fmr LLC Boosts Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Fmr LLC raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 24.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,745,697 shares of the auto parts company’s stock after purchasing an additional 2,493,310 shares during the quarter. Fmr LLC owned 14.71% of Allison Transmission worth $1,224,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ALSN. Versant Capital Management Inc lifted its position in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission during the second quarter worth $33,000. Fifth Third Bancorp lifted its position in shares of 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 purchasing an additional 506 shares during the last quarter. Quent Capital LLC lifted its position in shares of Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 172 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of 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. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

ALSN opened at $119.57 on Wednesday. The business’s 50-day moving average is $104.48 and its two-hundred day moving average is $89.16. Allison Transmission Holdings, Inc. has a 1 year low of $53.09 and a 1 year high of $122.53. 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 firm has a market capitalization of $10.36 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98.

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

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.84%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insider Transactions at Allison Transmission

In related news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction on 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 transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. This trade represents a 15.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This represents a 13.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,741 shares of company stock worth $781,520. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALSN. Oppenheimer lifted their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup lifted their price objective on Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a report on Friday, November 1st. Finally, Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.