Barclays PLC Acquires 11,666 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Barclays PLC increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 23.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,449 shares of the auto parts company's stock after purchasing an additional 11,666 shares during the quarter. Barclays PLC owned approximately 0.07% of Allison Transmission worth $5,902,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd boosted its stake in shares of Allison Transmission by 100.7% in the 3rd quarter. XTX Topco Ltd now owns 17,819 shares of the auto parts company's stock worth $1,712,000 after buying an additional 8,941 shares during the last quarter. National Bank of Canada FI lifted its holdings in Allison Transmission by 7.9% during the third quarter. National Bank of Canada FI now owns 26,563 shares of the auto parts company's stock worth $2,552,000 after acquiring an additional 1,956 shares during the period. EP Wealth Advisors LLC purchased a new position in Allison Transmission in the third quarter worth $337,000. Wellington Management Group LLP grew its stake in Allison Transmission by 24.5% in the 3rd quarter. Wellington Management Group LLP now owns 16,585 shares of the auto parts company's stock valued at $1,593,000 after purchasing an additional 3,262 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Allison Transmission during the 3rd quarter valued at $234,000. 96.90% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the transaction, the senior vice president now owns 8,420 shares of the company's stock, valued at $991,286.60. This represents a 19.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Graziosi sold 11,590 shares of Allison Transmission stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the sale, the chief executive officer now directly owns 168,833 shares of the company's stock, valued at $20,165,413.52. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock worth $2,830,837 in the last three months. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded up $2.08 during mid-day trading on Friday, hitting $109.30. The company had a trading volume of 1,718,424 shares, compared to its average volume of 618,974. 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 Holdings, Inc. has a 1 year low of $55.19 and a 1 year high of $122.53. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 2.03 and a beta of 0.98. The stock's 50-day moving average price is $111.37 and its 200-day moving average price is $93.92.

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 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 quarter in the previous year, the firm earned $1.76 EPS. The company's quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, November 18th. Allison Transmission's payout ratio is 12.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Oppenheimer increased 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. JPMorgan Chase & Co. increased their target price 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. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. Robert W. Baird increased their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $102.63.

Allison Transmission 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.