Bank of Montreal Can Purchases 4,690 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Bank of Montreal Can increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,358 shares of the auto parts company's stock after buying an additional 4,690 shares during the quarter. Bank of Montreal Can owned about 0.09% of Allison Transmission worth $7,658,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ALSN. Price T Rowe Associates Inc. MD raised its holdings in shares of Allison Transmission by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,486 shares of the auto parts company's stock valued at $3,936,000 after buying an additional 2,326 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Allison Transmission by 11.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,661 shares of the auto parts company's stock worth $378,000 after purchasing an additional 472 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Allison Transmission by 10.1% during the first quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company's stock valued at $362,000 after purchasing an additional 408 shares during the period. Versant Capital Management Inc raised its stake in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 336 shares in the last quarter. Finally, Quent Capital LLC lifted its holdings in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock worth $68,000 after purchasing an additional 172 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Down 0.6 %

Shares of ALSN traded down $0.75 during midday trading on Tuesday, hitting $116.00. The stock had a trading volume of 148,766 shares, compared to its average volume of 611,365. Allison Transmission Holdings, Inc. has a fifty-two week low of $54.06 and a fifty-two week high of $122.53. The business has a 50-day simple moving average of $106.68 and a two-hundred day simple moving average of $90.37. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The firm has a market cap of $10.05 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The business 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 quarter last year, the firm posted $1.76 earnings per share. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Monday, November 18th. Allison Transmission's dividend payout ratio is currently 12.18%.

Insider Activity at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 11,590 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company's stock, valued at $20,165,413.52. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the transaction, the senior vice president now directly owns 8,420 shares of the company's stock, valued at $991,286.60. This represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,380 shares of company stock valued at $2,830,837. Insiders own 0.93% of the company's stock.

Analyst Upgrades and Downgrades

ALSN has been the topic of several recent analyst reports. StockNews.com cut Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Monday. Oppenheimer raised their target price on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. The Goldman Sachs Group raised their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the company a "sell" rating in a research report on Friday, November 1st. Finally, Citigroup boosted their target price on shares of Allison Transmission from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $94.25.

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.