Americana Partners LLC Has $868,000 Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Americana Partners LLC grew its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 78.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,037 shares of the auto parts company’s stock after acquiring an additional 3,968 shares during the period. Americana Partners LLC’s holdings in Allison Transmission were worth $868,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Private Advisor Group LLC grew its holdings in Allison Transmission by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock valued at $382,000 after buying an additional 167 shares during the last quarter. Quent Capital LLC grew its stake in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in Allison Transmission by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock worth $676,000 after acquiring an additional 186 shares during the period. Raymond James Trust N.A. raised its stake in Allison Transmission by 4.1% during the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 200 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in Allison Transmission by 0.8% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock worth $2,034,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALSN shares. The Goldman Sachs Group upped their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research report on Friday. Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup upped their target price on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $92.25.

Allison Transmission Stock Performance

Allison Transmission stock opened at $107.27 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $51.19 and a 52-week high of $109.30. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19. The stock has a fifty day moving average price of $94.90 and a two-hundred day moving average price of $84.29. The firm has a market capitalization of $9.35 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.89 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 53.66%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $1.76 EPS. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 8.07 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s payout ratio is currently 12.18%.

Insider Buying and Selling

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission 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 approximately $960,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were 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 owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,741 shares of company stock worth $546,060 in the last three months. Insiders own 1.10% of the company’s stock.

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.