Franklin Resources Inc. Buys 79,745 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Franklin Resources Inc. increased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 46.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 250,050 shares of the auto parts company's stock after buying an additional 79,745 shares during the quarter. Franklin Resources Inc. owned 0.29% of Allison Transmission worth $24,955,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Raymond James & Associates increased its stake in shares of Allison Transmission by 9.9% in the second quarter. Raymond James & Associates now owns 187,422 shares of the auto parts company's stock valued at $14,225,000 after buying an additional 16,893 shares during the period. Nisa Investment Advisors LLC increased its position in Allison Transmission by 36,851.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,866 shares of the auto parts company's stock valued at $1,963,000 after acquiring an additional 25,796 shares during the period. Fifth Third Bancorp raised its stake in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock valued at $66,000 after acquiring an additional 506 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Allison Transmission by 4.1% during the second quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company's stock worth $385,000 after purchasing an additional 200 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Allison Transmission by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company's stock worth $51,903,000 after purchasing an additional 77,649 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In related news, VP Thomas Eifert sold 2,000 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the transaction, the vice president now directly owns 9,601 shares of the company's stock, valued at approximately $912,095. The trade was a 17.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,380 shares of company stock valued at $2,830,837. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on ALSN shares. Oppenheimer lifted their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Morgan Stanley upped their target price on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday. Bank of America raised their price target 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. StockNews.com cut shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Finally, Citigroup boosted their target price on shares of Allison Transmission from $125.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $102.63.

Allison Transmission Stock Up 1.9 %

NYSE:ALSN traded up $2.08 on Friday, hitting $109.30. The stock had a trading volume of 1,718,424 shares, compared to its average volume of 618,974. The company has a market cap of $9.47 billion, a PE ratio of 13.31, a P/E/G ratio of 2.03 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 52 week low of $55.19 and a 52 week high of $122.53. The business's fifty day moving average is $111.19 and its 200 day moving average is $93.68. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $1.76 earnings per share. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued 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 0.91%. Allison Transmission's dividend payout ratio (DPR) is currently 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.