Los Angeles Capital Management LLC Trims Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Los Angeles Capital Management LLC cut its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 20.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,981 shares of the auto parts company's stock after selling 34,134 shares during the period. Los Angeles Capital Management LLC owned 0.16% of Allison Transmission worth $12,968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALSN. Quantbot Technologies LP purchased a new position in Allison Transmission during the 1st quarter valued at about $206,000. Oppenheimer & Co. Inc. grew its stake in Allison Transmission by 4.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company's stock valued at $447,000 after buying an additional 255 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Allison Transmission during the 1st quarter worth about $1,120,000. Sei Investments Co. lifted its stake in shares of Allison Transmission by 84.3% in the first quarter. Sei Investments Co. now owns 190,399 shares of the auto parts company's stock valued at $15,454,000 after buying an additional 87,089 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in shares of Allison Transmission during the 1st quarter worth approximately $266,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ALSN shares. Oppenheimer increased their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" 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 research report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a "sell" rating in a research report on Friday, November 1st. StockNews.com raised Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, October 11th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $92.25.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares of the company's stock, valued at $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their position. 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 quarter. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Performance

NYSE:ALSN traded down $0.80 during trading on Tuesday, reaching $119.21. The company's stock had a trading volume of 263,512 shares, compared to its average volume of 617,267. The firm has a 50 day moving average of $97.78 and a 200-day moving average of $85.85. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission Holdings, Inc. has a 12 month low of $52.36 and a 12 month high of $121.36. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $790.08 million. During the same period in the prior year, the business posted $1.76 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. Research analysts expect that Allison Transmission Holdings, Inc. will post 8.2 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, November 18th. Allison Transmission's dividend payout ratio (DPR) is 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.