Isthmus Partners LLC lessened its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 25.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 162,491 shares of the auto parts company's stock after selling 55,590 shares during the quarter. Allison Transmission comprises 1.9% of Isthmus Partners LLC's investment portfolio, making the stock its 12th biggest holding. Isthmus Partners LLC owned about 0.19% of Allison Transmission worth $15,611,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in ALSN. FMR LLC grew its stake in shares of Allison Transmission by 24.3% in the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock valued at $1,224,479,000 after purchasing an additional 2,493,310 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Allison Transmission by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company's stock worth $267,359,000 after purchasing an additional 39,700 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Allison Transmission by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company's stock valued at $143,716,000 after purchasing an additional 41,168 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Allison Transmission by 34.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock valued at $87,896,000 after purchasing an additional 233,214 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in Allison Transmission by 5.9% during the 2nd quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company's stock worth $68,793,000 after purchasing an additional 50,625 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.
Allison Transmission Price Performance
Shares of NYSE ALSN traded down $0.08 on Friday, hitting $118.50. The company's stock had a trading volume of 240,398 shares, compared to its average volume of 612,936. The stock has a 50 day moving average of $106.18 and a 200-day moving average of $89.87. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12-month low of $53.12 and a 12-month 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.
Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results 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 analyst estimates of $790.08 million. During the same quarter in the prior year, the company earned $1.76 EPS. Allison Transmission's revenue was up 12.0% on a year-over-year basis. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.
Allison Transmission Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission's payout ratio is 12.18%.
Analysts Set New Price Targets
Several analysts have recently commented on the company. StockNews.com raised Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price 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. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price objective 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. Finally, The Goldman Sachs Group increased their target price on shares of Allison Transmission from $72.00 to $82.00 and gave the company a "sell" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $94.25.
Read Our Latest Report on ALSN
Insider Buying and Selling at Allison Transmission
In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares in the company, valued at $991,286.60. This trade represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,067 shares of company stock worth $1,239,319. Corporate insiders own 1.10% of the company's stock.
About Allison Transmission
(
Free Report)
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.
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