Assenagon Asset Management S.A. Has $6.99 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Assenagon Asset Management S.A. cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 60.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,806 shares of the auto parts company's stock after selling 110,079 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Allison Transmission worth $6,994,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ALSN. Renaissance Technologies LLC grew its holdings in shares of Allison Transmission by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company's stock valued at $267,359,000 after purchasing an additional 39,700 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Allison Transmission by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company's stock worth $143,716,000 after buying an additional 41,168 shares during the last quarter. Federated Hermes Inc. increased its position in Allison Transmission by 5.9% in the second quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company's stock worth $68,793,000 after buying an additional 50,625 shares during the period. Bank of New York Mellon Corp lifted its stake in 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 valued at $51,903,000 after buying an additional 77,649 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Allison Transmission by 0.9% during the third quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company's stock valued at $61,120,000 after acquiring an additional 5,489 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares of the company's stock, valued at $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP John Coll sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares of the company's stock, valued at $960,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock valued at $546,060 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALSN. StockNews.com raised Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Citigroup lifted their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the company a "sell" rating in a research note on Monday, July 29th. Finally, Robert W. Baird upped their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $86.86.

Allison Transmission Price Performance

Shares of NYSE:ALSN traded up $0.30 during trading hours on Tuesday, hitting $100.15. 945,414 shares of the company's stock traded hands, compared to its average volume of 615,861. The company's fifty day simple moving average is $93.51 and its two-hundred day simple moving average is $83.64. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $101.40.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. Allison Transmission's dividend payout ratio (DPR) is presently 13.35%.

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.