Glenmede Trust Co. NA Boosts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Glenmede Trust Co. NA lifted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,150 shares of the auto parts company's stock after purchasing an additional 4,261 shares during the quarter. Glenmede Trust Co. NA owned about 0.11% of Allison Transmission worth $9,333,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd raised its holdings in shares of Allison Transmission by 3.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company's stock worth $355,000 after buying an additional 126 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock worth $71,000 after acquiring an additional 162 shares during the last quarter. Private Advisor Group LLC lifted its position in Allison Transmission by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock worth $382,000 after acquiring an additional 167 shares during the period. Quent Capital LLC lifted its position in Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock worth $68,000 after acquiring an additional 172 shares during the period. Finally, Miller Howard Investments Inc. NY grew its stake in Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company's stock valued at $676,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Citigroup raised their price objective on Allison Transmission from $115.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Robert W. Baird increased their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Finally, Bank of America boosted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $94.25.

Allison Transmission Stock Performance

ALSN stock traded down $0.08 during midday trading on Friday, hitting $118.50. 240,400 shares of the stock traded hands, compared to its average volume of 612,936. Allison Transmission Holdings, Inc. has a 1-year low of $53.12 and a 1-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. The stock's fifty day simple moving average is $106.18 and its 200-day simple moving average is $89.98. The firm has a market cap of $10.26 billion, a P/E ratio of 14.43, a PEG ratio of 2.11 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its 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 firm had revenue of $824.00 million for 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%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $1.76 EPS. On average, analysts expect that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced 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 0.84%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission's payout ratio is 12.18%.

Insider Activity

In related news, CEO David S. Graziosi sold 5,326 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at $912,095. The trade was a 17.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,067 shares of company stock worth $1,239,319 in the last quarter. Corporate insiders own 1.10% of the company's stock.

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.