Charles Schwab Investment Management Inc. Acquires 233,214 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 34.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 914,918 shares of the auto parts company's stock after acquiring an additional 233,214 shares during the period. Charles Schwab Investment Management Inc. owned 1.06% of Allison Transmission worth $87,896,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $71,000 after acquiring an additional 162 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Allison Transmission by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock valued at $382,000 after buying an additional 167 shares in the last quarter. Quent Capital LLC raised its stake 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 buying an additional 172 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in Allison Transmission by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company's stock worth $676,000 after acquiring an additional 186 shares in the last quarter. Finally, Americana Partners LLC grew its stake in Allison Transmission by 3.9% in the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company's stock valued at $385,000 after acquiring an additional 191 shares during the period. Institutional investors own 96.90% of the company's stock.

Insiders Place Their Bets

In related news, CEO David S. Graziosi sold 5,326 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the firm's 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 owns 9,601 shares of the company's stock, valued at $912,095. This trade represents a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,067 shares of company stock valued at $1,239,319 over the last 90 days. 0.93% of the stock is currently owned by insiders.

Allison Transmission Stock Down 0.8 %

Shares of Allison Transmission stock traded down $0.99 on Thursday, reaching $118.58. 315,201 shares of the company were exchanged, compared to its average volume of 614,555. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 2.12 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a one year low of $53.09 and a one year high of $122.53. The company has a 50-day moving average of $105.63 and a 200 day moving average of $89.57.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same period in the prior year, the firm posted $1.76 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission's payout ratio is currently 12.18%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALSN. Oppenheimer increased their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. The Goldman Sachs Group raised their price target 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 boosted 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.