Geode Capital Management LLC Has $188.51 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Geode Capital Management LLC increased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,961,834 shares of the auto parts company's stock after buying an additional 79,506 shares during the period. Geode Capital Management LLC owned about 2.26% of Allison Transmission worth $188,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP lifted its holdings in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock worth $66,000 after buying an additional 506 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Allison Transmission by 27.8% in the third 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. Capital Performance Advisors LLP purchased a new stake in shares of Allison Transmission during the 3rd quarter valued at about $82,000. Finally, Covestor Ltd lifted its position in Allison Transmission by 35.1% during the 3rd quarter. Covestor Ltd now owns 936 shares of the auto parts company's stock worth $90,000 after acquiring an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction on Friday, November 15th. The shares were 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 in the company, valued at $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David S. Graziosi sold 11,590 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares of the company's stock, valued at approximately $20,165,413.52. The trade was a 6.42 % decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

Shares of NYSE ALSN traded down $1.97 during trading on Monday, hitting $114.54. The company had a trading volume of 681,630 shares, compared to its average volume of 613,488. 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 52 week low of $55.19 and a 52 week high of $122.53. The company has a market cap of $9.92 billion, a P/E ratio of 14.05, a PEG ratio of 2.03 and a beta of 0.98. The business's 50-day moving average is $110.27 and its 200 day moving average is $92.95.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same period in the previous year, the company earned $1.76 EPS. The firm's revenue was up 12.0% on a year-over-year basis. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Monday, November 18th. Allison Transmission's dividend payout ratio (DPR) is 12.18%.

Analysts Set New Price Targets

ALSN has been the topic of several recent analyst reports. Bank of America boosted their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday. StockNews.com upgraded shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Citigroup boosted their target price on shares of Allison Transmission from $125.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday, December 9th. Finally, Robert W. Baird lifted their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and an average price target of $96.38.

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.