Foster & Motley Inc. Has $6.56 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Foster & Motley Inc. lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 68,330 shares of the auto parts company’s stock after selling 785 shares during the period. Foster & Motley Inc. owned approximately 0.08% of Allison Transmission worth $6,564,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ALSN. Versant Capital Management Inc raised its stake in shares of Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares in the last quarter. Triad Wealth Partners LLC bought a new position in Allison Transmission during the second quarter worth about $33,000. Fifth Third Bancorp boosted its holdings in Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares in the last quarter. Quent Capital LLC grew its stake in shares of Allison Transmission by 24.0% in the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 172 shares during the period. Finally, Covestor Ltd lifted its position in shares of Allison Transmission by 307.2% during the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after buying an additional 728 shares during the period. Institutional investors own 96.90% of the company’s stock.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, August 29th. The shares were 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’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 transaction, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,741 shares of company stock valued at $546,060. 0.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of analyst reports. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Bank of America lifted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Citigroup raised their price target on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $92.25.

Allison Transmission Stock Up 0.3 %

NYSE:ALSN opened at $110.00 on Wednesday. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.91 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The stock’s fifty day moving average price is $95.64 and its two-hundred day moving average price is $84.76. Allison Transmission Holdings, Inc. has a 52-week low of $51.42 and a 52-week high of $110.00.

Allison Transmission (NYSE:ALSN) last issued its quarterly 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. The business had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 earnings per share. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 8.18 EPS for the current year.

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.