Amalgamated Bank Trims Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Amalgamated Bank cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 59.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,278 shares of the auto parts company's stock after selling 9,129 shares during the quarter. Amalgamated Bank's holdings in Allison Transmission were worth $603,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc boosted 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 valued at $28,000 after acquiring an additional 336 shares in the last quarter. Triad Wealth Partners LLC bought a new position in Allison Transmission in the 2nd quarter valued at approximately $33,000. Fifth Third Bancorp lifted its holdings in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock valued at $66,000 after purchasing an additional 506 shares in the last quarter. Quent Capital LLC raised its position in Allison Transmission by 24.0% in 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 last quarter. Finally, Covestor Ltd raised its holdings in shares of Allison Transmission by 307.2% during the first quarter. Covestor Ltd now owns 965 shares of the auto parts company's stock valued at $78,000 after purchasing an additional 728 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ALSN shares. Oppenheimer upped their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted 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. Bank of America raised their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Allison Transmission presently has a consensus rating of "Hold" and an average price target of $92.25.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. This trade represents a 13.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas Eifert sold 1,741 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now owns 9,601 shares of the company's stock, valued at approximately $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock valued at $546,060 over the last 90 days. 1.10% of the stock is owned by company insiders.

Allison Transmission Stock Performance

ALSN traded down $1.56 during trading on Friday, reaching $116.11. 634,086 shares of the company's stock were exchanged, compared to its average volume of 618,737. The company's fifty day simple moving average is $100.17 and its 200-day simple moving average is $86.88. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The stock has a market capitalization of $10.06 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 1 year low of $52.83 and a 1 year high of $121.36.

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, 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 business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same period in the prior year, the business earned $1.76 earnings per share. The business's revenue was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 8.2 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, November 18th. 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.