BNP Paribas Financial Markets Buys 8,072 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

BNP Paribas Financial Markets lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 30.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,958 shares of the auto parts company's stock after purchasing an additional 8,072 shares during the period. BNP Paribas Financial Markets' holdings in Allison Transmission were worth $3,358,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd boosted its stake in shares of Allison Transmission by 3.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company's stock valued at $355,000 after purchasing an additional 126 shares during the period. Venturi Wealth Management LLC boosted its position 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 valued at $71,000 after buying an additional 162 shares during the period. Private Advisor Group LLC grew its holdings in 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 worth $382,000 after acquiring an additional 167 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in shares of Allison Transmission by 2.1% in the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company's stock valued at $676,000 after acquiring an additional 186 shares during the period. Finally, Americana Partners LLC raised its stake in shares of Allison Transmission by 3.9% during 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 last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission 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 completion of the sale, the senior vice president now owns 8,420 shares of the company's stock, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Graziosi sold 11,590 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company's stock, valued at $20,165,413.52. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,380 shares of company stock valued at $2,830,837 in the last quarter. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Up 0.3 %

Shares of NYSE:ALSN traded up $0.39 during midday trading on Friday, reaching $117.48. The company's stock had a trading volume of 445,488 shares, compared to its average volume of 612,244. The firm has a market capitalization of $10.18 billion, a P/E ratio of 14.31, a PEG ratio of 2.08 and a beta of 0.98. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 12-month low of $54.25 and a 12-month high of $122.53. The firm has a 50 day moving average of $108.50 and a 200-day moving average of $91.33.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping 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 analysts' expectations of $790.08 million. During the same period in the previous year, the firm posted $1.76 EPS. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. Allison Transmission's payout ratio is presently 12.18%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ALSN. Bank of America raised their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted 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. StockNews.com downgraded Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Monday. Citigroup lifted their price target on shares of Allison Transmission from $115.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Finally, Oppenheimer upped their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and an average price target 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.