Allison Transmission Holdings, Inc. (NYSE:ALSN) Stake Cut by Empowered Funds LLC

Empowered Funds LLC reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,548 shares of the auto parts company's stock after selling 21,191 shares during the quarter. Empowered Funds LLC owned about 0.18% of Allison Transmission worth $14,847,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Versant Capital Management Inc lifted its position in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company's stock worth $28,000 after acquiring an additional 336 shares during the period. Triad Wealth Partners LLC purchased a new position in Allison Transmission in the 2nd quarter valued at $33,000. Venturi Wealth Management LLC increased 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 valued at $71,000 after buying an additional 162 shares during the period. Capital Performance Advisors LLP purchased a new position in Allison Transmission during the 3rd quarter worth $82,000. Finally, Fifth Third Bancorp lifted its stake in shares of Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock worth $66,000 after acquiring an additional 506 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ALSN shares. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. Oppenheimer raised their price target on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Citigroup lifted their price target on Allison Transmission from $97.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a research report on Friday, November 1st. Finally, Bank of America boosted their target price 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, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $92.25.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the transaction, the senior vice president now directly owns 12,420 shares of the company's stock, valued at $1,129,971.60. This represents a 13.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock valued at $546,060 in the last three months. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

Shares of NYSE ALSN traded down $1.56 during trading on Friday, reaching $116.11. The company had a trading volume of 633,847 shares, compared to its average volume of 618,737. Allison Transmission Holdings, Inc. has a twelve month low of $52.83 and a twelve month high of $121.36. The stock has a market capitalization of $10.06 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The stock has a 50-day moving average price of $99.58 and a two-hundred day moving average price of $86.61. 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 (NYSE:ALSN - Get Free Report) last released 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 firm had revenue of $824.00 million during the quarter, compared to analysts' expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 EPS. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 8.2 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.86%. Allison Transmission's dividend payout ratio is presently 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.