Clark Estates Inc. NY Sells 3,400 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Clark Estates Inc. NY lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.5% in the third quarter, HoldingsChannel reports. The fund owned 41,850 shares of the auto parts company’s stock after selling 3,400 shares during the period. Allison Transmission accounts for 0.7% of Clark Estates Inc. NY’s portfolio, making the stock its 24th largest position. Clark Estates Inc. NY’s holdings in Allison Transmission were worth $4,021,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Glenmede Trust Co. NA boosted its holdings in Allison Transmission by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after purchasing an additional 4,261 shares during the period. Townsquare Capital LLC bought a new stake in shares of Allison Transmission in the third quarter valued at approximately $317,000. BNP Paribas Financial Markets grew its position in Allison Transmission by 30.0% during the third quarter. BNP Paribas Financial Markets now owns 34,958 shares of the auto parts company’s stock worth $3,358,000 after buying an additional 8,072 shares in the last quarter. FMR LLC grew its position in Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after buying an additional 2,493,310 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Allison Transmission by 6.3% during the 3rd quarter. Bank of Montreal Can now owns 79,358 shares of the auto parts company’s stock worth $7,658,000 after acquiring an additional 4,690 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $119.57 on Wednesday. The firm has a 50 day simple moving average of $104.48 and a 200 day simple moving average of $89.16. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.12 and a beta of 0.98. Allison Transmission Holdings, Inc. has a one year low of $53.09 and a one year high of $122.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. Allison Transmission’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 EPS. Research analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, November 18th. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value 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. This represents a 13.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the 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 of the company’s stock, valued at $960,100. This represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,741 shares of company stock worth $781,520 in the last quarter. 0.93% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Citigroup lifted their price objective on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $94.25.

Allison Transmission 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.