Caisse DE Depot ET Placement DU Quebec Invests $858,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,931 shares of the auto parts company's stock, valued at approximately $858,000.

Several other large investors also recently made changes to their positions in the stock. FMR LLC grew its position in Allison Transmission by 24.3% in the third 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 in the last quarter. Jennison Associates LLC acquired a new stake in Allison Transmission in the 3rd quarter worth about $52,156,000. Loomis Sayles & Co. L P raised its stake in Allison Transmission by 252.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company's stock worth $56,974,000 after purchasing an additional 424,813 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 worth $87,896,000 after purchasing an additional 233,214 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company's stock valued at $24,245,000 after buying an additional 230,152 shares during the period. Institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on ALSN. Bank of America raised their target price 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 raised their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Oppenheimer raised their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. StockNews.com lowered shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $94.25.

Allison Transmission Trading Up 0.9 %

NYSE:ALSN traded up $1.08 during mid-day trading on Wednesday, hitting $118.04. 577,654 shares of the company's stock were exchanged, compared to its average volume of 612,768. The company has a 50 day simple moving average of $107.16 and a 200-day simple moving average of $90.66. 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 fifty-two week low of $54.10 and a fifty-two week high of $122.53. The firm has a market capitalization of $10.22 billion, a P/E ratio of 14.38, a PEG ratio of 2.07 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same period last year, the company earned $1.76 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given 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 yield of 0.85%. Allison Transmission's dividend payout ratio is presently 12.18%.

Insider Buying and Selling

In related news, VP Thomas Eifert sold 2,000 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at $912,095. The trade was a 17.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Graziosi sold 11,590 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,165,413.52. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,380 shares of company stock worth $2,830,837 in the last ninety days. Company insiders own 1.10% of the company's stock.

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.