Jacobs Levy Equity Management Inc. Cuts Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jacobs Levy Equity Management Inc. decreased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 607,283 shares of the auto parts company's stock after selling 21,339 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.70% of Allison Transmission worth $58,342,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in shares of Allison Transmission by 19.3% during the third quarter. Janus Henderson Group PLC now owns 73,648 shares of the auto parts company's stock worth $7,075,000 after purchasing an additional 11,931 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Allison Transmission in the 3rd quarter valued at $270,000. Hilltop Holdings Inc. acquired a new position in Allison Transmission during the 3rd quarter worth about $288,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in Allison Transmission during the 3rd quarter valued at about $858,000. Finally, Captrust Financial Advisors increased its stake in shares of Allison Transmission by 24.1% in the 3rd quarter. Captrust Financial Advisors now owns 31,499 shares of the auto parts company's stock valued at $3,026,000 after acquiring an additional 6,113 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Performance

Allison Transmission stock traded up $1.08 during mid-day trading on Wednesday, hitting $118.04. 577,654 shares of the company's stock traded hands, compared to its average volume of 612,768. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 2.07 and a beta of 0.98. The firm has a 50 day simple moving average of $107.66 and a two-hundred day simple moving average of $90.85. Allison Transmission Holdings, Inc. has a fifty-two week low of $54.10 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $790.08 million. During the same quarter last year, the business earned $1.76 earnings per share. Allison Transmission's revenue was up 12.0% on a year-over-year basis. On average, 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Monday, November 18th. Allison Transmission's payout ratio is currently 12.18%.

Insider Buying and Selling

In other news, CEO David S. Graziosi sold 11,590 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,165,413.52. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas Eifert sold 2,000 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the sale, the vice president now owns 9,601 shares of the company's stock, valued at $912,095. This trade represents a 17.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,380 shares of company stock worth $2,830,837. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com cut Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Monday. Citigroup upped their price target on Allison Transmission from $115.00 to $125.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Robert W. Baird increased their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a research note on Friday, November 1st. Finally, Bank of America increased their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.