Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 56,642 shares of the auto parts company's stock after selling 22,999 shares during the quarter. Salem Investment Counselors Inc. owned 0.07% of Allison Transmission worth $6,121,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. World Investment Advisors LLC purchased a new stake in shares of Allison Transmission in the 3rd quarter valued at approximately $29,000. Quarry LP grew its position in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after buying an additional 114 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Allison Transmission during the 3rd quarter worth $67,000. Venturi Wealth Management LLC grew its position 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 purchasing an additional 162 shares during the last quarter. Finally, City State Bank purchased a new position in Allison Transmission during the 4th quarter worth $76,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company's stock, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the transaction, the senior vice president now directly owns 8,420 shares of the company's stock, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $2,683,537 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ALSN shares. Robert W. Baird increased their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Morgan Stanley increased their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. StockNews.com upgraded shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, December 26th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a report on Thursday, December 12th. Finally, Citigroup raised their target price on shares of Allison Transmission from $125.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $102.63.

Allison Transmission Trading Up 3.0 %

Shares of ALSN traded up $3.25 during mid-day trading on Monday, hitting $112.18. The company had a trading volume of 489,625 shares, compared to its average volume of 424,875. The business's 50-day simple moving average is $113.80 and its 200-day simple moving average is $97.87. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 1-year low of $55.81 and a 1-year high of $122.53. The stock has a market cap of $9.72 billion, a PE ratio of 13.66, a P/E/G ratio of 2.03 and a beta of 1.00.

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 net margin of 22.66% and a return on equity of 51.13%. The business had revenue of $824.00 million for the quarter, compared to analysts' expectations of $790.08 million. During the same period last year, the company earned $1.76 earnings per share. The company's quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.89%. Allison Transmission's dividend payout ratio (DPR) is 12.18%.

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.