Cerity Partners LLC Raises Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cerity Partners LLC increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 122.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,837 shares of the auto parts company's stock after purchasing an additional 52,808 shares during the quarter. Cerity Partners LLC owned approximately 0.11% of Allison Transmission worth $9,207,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ALSN. Citigroup Inc. raised its position in shares of Allison Transmission by 4.2% in the 3rd quarter. Citigroup Inc. now owns 43,114 shares of the auto parts company's stock valued at $4,142,000 after purchasing an additional 1,733 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Allison Transmission by 33.4% in the third quarter. Eagle Asset Management Inc. now owns 95,083 shares of the auto parts company's stock worth $9,135,000 after buying an additional 23,802 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock worth $87,896,000 after buying an additional 233,214 shares during the period. Integrated Investment Consultants LLC purchased a new stake in shares of Allison Transmission during the third quarter valued at $439,000. Finally, Advisors Asset Management Inc. increased its position in shares of Allison Transmission by 180.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,905 shares of the auto parts company's stock valued at $183,000 after acquiring an additional 1,226 shares during the period. Institutional investors own 96.90% of the company's stock.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated 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 transaction, the senior vice president now 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 filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the company's stock in a transaction that occurred 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 sale, the vice president now owns 9,601 shares in the company, valued at $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,741 shares of company stock valued at $781,520. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ALSN shares. Citigroup raised their price objective on Allison Transmission from $115.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. Bank of America lifted their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. Oppenheimer boosted their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price target on Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $94.25.

Allison Transmission Stock Performance

NYSE:ALSN opened at $119.57 on Wednesday. The stock has a market capitalization of $10.36 billion, a P/E ratio of 14.56, a PEG ratio of 2.13 and a beta of 0.98. 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 fifty-two week low of $53.09 and a fifty-two week high of $122.53. The company has a 50 day moving average price of $104.48 and a 200 day moving average price of $89.16.

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

Allison Transmission Announces Dividend

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 given a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. 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.