Foster & Motley Inc. Has $6.97 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Foster & Motley Inc. lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,483 shares of the auto parts company's stock after selling 3,847 shares during the quarter. Foster & Motley Inc. owned about 0.07% of Allison Transmission worth $6,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Smith Group Asset Management LLC bought a new position in shares of Allison Transmission during the 4th quarter valued at about $2,161,000. KBC Group NV increased its position in shares of Allison Transmission by 56.2% in the fourth quarter. KBC Group NV now owns 3,469 shares of the auto parts company's stock valued at $375,000 after acquiring an additional 1,248 shares during the last quarter. Blue Trust Inc. raised its holdings in Allison Transmission by 30.5% during the fourth quarter. Blue Trust Inc. now owns 3,750 shares of the auto parts company's stock worth $405,000 after acquiring an additional 876 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock valued at $45,000 after purchasing an additional 396 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in Allison Transmission by 0.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,777 shares of the auto parts company's stock valued at $3,002,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Buying and Selling at Allison Transmission

In related news, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company's stock, valued at $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the sale, the senior vice president now owns 8,420 shares of the company's stock, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock worth $2,683,537 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

Shares of NYSE ALSN traded up $2.87 during midday trading on Thursday, reaching $119.21. The company's stock had a trading volume of 175,297 shares, compared to its average volume of 430,516. 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 $60.26 and a fifty-two week high of $122.53. The company has a market cap of $10.33 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.90 and a beta of 1.00. The business's 50 day moving average price is $114.16 and its two-hundred day moving average price is $101.54.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS 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 company had revenue of $824.00 million during the quarter, compared to analysts' expectations of $790.08 million. During the same quarter in the previous year, the firm earned $1.76 EPS. Allison Transmission's revenue was up 12.0% on a year-over-year basis. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 8.28 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission's payout ratio is 12.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Bank of America boosted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a report on Wednesday, October 30th. Citigroup cut their target price on shares of Allison Transmission from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Morgan Stanley lifted their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Thursday, December 26th. Finally, Oppenheimer increased their price target on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $101.38.

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.