Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 19.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 73,648 shares of the auto parts company's stock after purchasing an additional 11,931 shares during the period. Janus Henderson Group PLC owned about 0.09% of Allison Transmission worth $7,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its position in shares of Allison Transmission by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company's stock worth $9,333,000 after purchasing an additional 4,261 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Allison Transmission during the 3rd quarter worth approximately $947,000. Oppenheimer & Co. Inc. lifted its holdings in Allison Transmission by 133.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company's stock worth $1,337,000 after buying an additional 7,944 shares in the last quarter. Van ECK Associates Corp boosted its position in Allison Transmission by 87.6% in the 2nd quarter. Van ECK Associates Corp now owns 65,578 shares of the auto parts company's stock valued at $4,978,000 after buying an additional 30,629 shares during the period. Finally, AXA S.A. grew its stake in shares of Allison Transmission by 13.2% in the second quarter. AXA S.A. now owns 101,847 shares of the auto parts company's stock worth $7,730,000 after acquiring an additional 11,914 shares in 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, CEO David S. Graziosi sold 11,590 shares of the company'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 transaction of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company's stock, valued at approximately $20,165,413.52. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at $912,095. The trade was a 17.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,380 shares of company stock valued at $2,830,837 over the last three months. 0.93% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded up $0.16 during midday trading on Tuesday, reaching $113.96. 562,376 shares of the company were exchanged, compared to its average volume of 611,561. The stock has a market cap of $9.87 billion, a P/E ratio of 13.88, a PEG ratio of 2.09 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The stock has a fifty day simple moving average of $109.19 and a 200 day simple moving average of $92.10. Allison Transmission Holdings, Inc. has a 1 year low of $54.97 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $824.00 million for the quarter, compared to analysts' expectations of $790.08 million. During the same quarter in the previous year, the firm posted $1.76 EPS. The firm's quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share 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 given 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 dividend yield of 0.88%. Allison Transmission's dividend payout ratio is currently 12.18%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALSN shares. Bank of America lifted their target price on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Oppenheimer boosted their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a research note on Friday, November 1st. 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 report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $94.88.

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.