Foyston Gordon & Payne Inc Has $17.53 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Foyston Gordon & Payne Inc cut its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,515 shares of the auto parts company's stock after selling 11,648 shares during the period. Allison Transmission makes up approximately 4.4% of Foyston Gordon & Payne Inc's portfolio, making the stock its 6th biggest position. Foyston Gordon & Payne Inc owned approximately 0.21% of Allison Transmission worth $17,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Triad Wealth Partners LLC bought a new position in Allison Transmission in the second quarter worth approximately $33,000. Quarry LP raised its holdings in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after acquiring an additional 114 shares during the last quarter. Fifth Third Bancorp lifted its position in Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock valued at $66,000 after acquiring an additional 506 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock valued at $71,000 after purchasing an additional 162 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Allison Transmission during the 3rd quarter worth approximately $82,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the sale, the vice president now directly owns 9,601 shares of the company's stock, valued at approximately $912,095. The trade was a 17.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Graziosi sold 11,590 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares of the company's stock, valued at $20,165,413.52. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,380 shares of company stock worth $2,830,837. Company insiders own 0.93% of the company's stock.

Wall Street Analyst Weigh In

ALSN has been the topic of several recent analyst reports. StockNews.com cut shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Monday, December 2nd. Oppenheimer raised their target price on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased 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. Finally, Bank of America lifted their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $94.88.

Allison Transmission Price Performance

NYSE:ALSN traded up $0.15 during mid-day trading on Tuesday, reaching $113.95. The stock had a trading volume of 538,121 shares, compared to its average volume of 610,943. Allison Transmission Holdings, Inc. has a one year low of $54.97 and a one year high of $122.53. 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 firm has a 50 day moving average price of $108.86 and a two-hundred day moving average price of $91.83. The stock has a market capitalization of $9.87 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.09 and a beta of 0.98.

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

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission's dividend payout ratio (DPR) is 12.18%.

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.