Foster & Motley Inc. Sells 3,847 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Foster & Motley Inc. lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.6% during the 4th quarter, HoldingsChannel reports. The fund owned 64,483 shares of the auto parts company’s stock after selling 3,847 shares during the period. Foster & Motley Inc.’s holdings in Allison Transmission were worth $6,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. World Investment Advisors LLC bought a new stake in Allison Transmission during the 3rd quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allison Transmission in the fourth quarter worth $31,000. Quarry LP raised its position in shares of Allison Transmission by 46.7% in 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 in the last quarter. SJS Investment Consulting Inc. boosted its stake in Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after buying an additional 396 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Allison Transmission during the third quarter worth about $67,000. 96.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $2,683,537 in the last quarter. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Allison Transmission stock opened at $116.35 on Thursday. The firm has a fifty day simple moving average of $114.14 and a two-hundred day simple moving average of $101.43. Allison Transmission Holdings, Inc. has a twelve month low of $60.26 and a twelve month high of $122.53. The company has a market capitalization of $10.08 billion, a PE ratio of 14.17, a P/E/G ratio of 1.90 and a beta of 1.00. 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 issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share 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 during the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the prior year, the business posted $1.76 EPS. Allison Transmission’s quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts expect that Allison Transmission Holdings, Inc. will post 8.28 EPS for the current year.

Allison Transmission Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALSN shares. Robert W. Baird lifted their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Citigroup lowered their price objective on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer upped their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Two investment 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 company. Based on data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and an average 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.