Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Position Raised by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 33.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,083 shares of the auto parts company's stock after acquiring an additional 23,802 shares during the period. Eagle Asset Management Inc. owned about 0.11% of Allison Transmission worth $9,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ALSN. Venturi Wealth Management LLC lifted its stake in Allison Transmission by 27.8% in 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 in the last quarter. Private Advisor Group LLC boosted its stake in shares of Allison Transmission by 4.4% during the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock valued at $382,000 after acquiring an additional 167 shares during the last quarter. Quent Capital LLC boosted its stake in shares of Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock valued at $68,000 after acquiring an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY raised its stake in Allison Transmission by 2.1% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company's stock valued at $676,000 after purchasing an additional 186 shares during the last quarter. Finally, Americana Partners LLC boosted its stake in shares of Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company's stock worth $385,000 after purchasing 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 related news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares of the company's stock, valued at approximately $1,129,971.60. This represents a 13.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,741 shares of company stock valued at $781,520. 1.10% of the stock is currently owned by insiders.

Allison Transmission Trading Up 1.3 %

ALSN traded up $1.54 on Friday, reaching $119.65. 466,036 shares of the company's stock were exchanged, compared to its average volume of 621,673. The company's 50 day moving average is $103.23 and its 200-day moving average is $88.47. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.10 and a beta of 0.98. Allison Transmission Holdings, Inc. has a twelve month low of $53.09 and a twelve month high of $121.36. 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 (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share 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 during the quarter, compared to analysts' expectations of $790.08 million. During the same quarter in the prior year, the business earned $1.76 EPS. Allison Transmission's quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of analyst reports. Bank of America boosted 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. StockNews.com raised Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Citigroup lifted their price objective on Allison Transmission from $115.00 to $125.00 and gave the company a "neutral" rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the company a "sell" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $94.25.

About Allison Transmission

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.