Custom Index Systems LLC Sells 449 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Custom Index Systems LLC decreased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.6% during the third quarter, HoldingsChannel reports. The firm owned 5,437 shares of the auto parts company’s stock after selling 449 shares during the quarter. Custom Index Systems LLC’s holdings in Allison Transmission were worth $522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in Allison Transmission during the first quarter valued at $1,229,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Allison Transmission during the 1st quarter valued at about $1,342,000. Susquehanna Fundamental Investments LLC bought a new stake in Allison Transmission during the first quarter worth about $1,120,000. State Board of Administration of Florida Retirement System grew its holdings in Allison Transmission by 11.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company’s stock worth $8,055,000 after purchasing an additional 10,196 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Allison Transmission by 238.0% during the second quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company’s stock valued at $1,229,000 after purchasing an additional 11,401 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ALSN. Robert W. Baird boosted their price target on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Citigroup lifted their price target on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have assigned 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, the stock has an average rating of “Hold” and an average target price of $86.86.

Insider Buying and Selling at Allison Transmission

In other news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at $960,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Allison Transmission news, 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 sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction dated 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 directly owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,741 shares of company stock valued at $546,060. 1.10% of the stock is owned by company insiders.

Allison Transmission Stock Performance

Shares of ALSN traded down $0.90 during mid-day trading on Friday, hitting $98.49. 340,003 shares of the company traded hands, compared to its average volume of 615,179. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.78 and a beta of 0.99. The stock has a 50-day moving average price of $93.24 and a two-hundred day moving average price of $83.50. Allison Transmission Holdings, Inc. has a 1 year low of $50.13 and a 1 year high of $101.40. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. The business had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 EPS. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Allison Transmission Company 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.