Everett Harris & Co. CA Trims Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Everett Harris & Co. CA trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,089 shares of the auto parts company’s stock after selling 1,703 shares during the quarter. Everett Harris & Co. CA owned approximately 0.09% of Allison Transmission worth $7,214,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC purchased a new stake in Allison Transmission in the 1st quarter worth $247,000. Counterpoint Mutual Funds LLC purchased a new stake in Allison Transmission in the 1st quarter worth $292,000. DGS Capital Management LLC purchased a new stake in Allison Transmission in the 1st quarter worth $299,000. Diversified Trust Co purchased a new stake in Allison Transmission in the 1st quarter worth $372,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Allison Transmission by 108.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock worth $21,046,000 after acquiring an additional 135,194 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Trading Up 0.2 %

NYSE ALSN traded up $0.25 during trading hours on Friday, reaching $100.60. The company had a trading volume of 512,352 shares, compared to its average volume of 622,287. The stock has a 50-day moving average of $91.85 and a 200 day moving average of $82.91. Allison Transmission Holdings, Inc. has a 1-year low of $50.13 and a 1-year high of $101.28. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $8.80 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.

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

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insiders Place Their Bets

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 shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 over the last three months. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ALSN shares. The Goldman Sachs Group lifted 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 note on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price 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. Citigroup lifted their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird lifted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average target price of $86.86.

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.