Jennison Associates LLC Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jennison Associates LLC acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 542,900 shares of the auto parts company's stock, valued at approximately $52,156,000. Jennison Associates LLC owned 0.63% of Allison Transmission at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Venturi Wealth Management LLC increased its stake in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock worth $71,000 after buying an additional 162 shares during the period. Private Advisor Group LLC boosted its holdings in Allison Transmission by 4.4% in the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock valued at $382,000 after purchasing an additional 167 shares during the last quarter. Quent Capital LLC boosted its holdings in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock valued at $68,000 after purchasing an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company's stock valued at $676,000 after purchasing an additional 186 shares in the last quarter. Finally, Americana Partners LLC increased its holdings in Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company's stock worth $385,000 after purchasing an additional 191 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Performance

NYSE ALSN traded up $1.43 during trading hours on Friday, reaching $119.54. The company's stock had a trading volume of 177,788 shares, compared to its average volume of 615,034. The stock has a market cap of $10.35 billion, a PE ratio of 14.39, a PEG ratio of 2.06 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 52 week low of $53.09 and a 52 week high of $121.36. 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 business has a 50-day simple moving average of $102.59 and a 200 day simple moving average of $88.07.

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. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 earnings per share. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.84%. The ex-dividend date is Monday, November 18th. Allison Transmission's payout ratio is 12.18%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ALSN shares. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a research report on Friday, November 1st. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target 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. Bank of America lifted 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. Finally, Citigroup upped their price objective on Allison Transmission from $115.00 to $125.00 and gave the company a "neutral" rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $94.25.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now directly owns 12,420 shares of the company's stock, valued at $1,129,971.60. This represents a 13.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now owns 9,601 shares of the company's stock, valued at approximately $960,100. This represents a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,741 shares of company stock valued at $781,520. Corporate insiders own 1.10% of the company's stock.

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.