Sanctuary Advisors LLC Buys 94,229 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sanctuary Advisors LLC grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 88.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 200,997 shares of the auto parts company's stock after buying an additional 94,229 shares during the period. Sanctuary Advisors LLC owned approximately 0.23% of Allison Transmission worth $19,310,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ALSN. FMR LLC lifted its stake in Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock valued at $1,224,479,000 after buying an additional 2,493,310 shares in the last quarter. Jennison Associates LLC acquired a new position in Allison Transmission in the 3rd quarter worth $52,156,000. Loomis Sayles & Co. L P increased its holdings in Allison Transmission by 252.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company's stock worth $56,974,000 after purchasing an additional 424,813 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Allison Transmission by 34.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock valued at $87,896,000 after purchasing an additional 233,214 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Allison Transmission by 257.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company's stock valued at $24,245,000 after purchasing an additional 230,152 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at $912,095. This trade represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In 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.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citigroup lifted their target price on Allison Transmission from $125.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. 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. 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 research report on Thursday. Finally, Oppenheimer lifted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $96.38.

Allison Transmission Stock Performance

NYSE ALSN traded down $0.48 on Friday, hitting $115.98. 238,739 shares of the stock were exchanged, compared to its average volume of 611,036. The company has a market capitalization of $10.05 billion, a PE ratio of 14.19, a P/E/G ratio of 2.03 and a beta of 0.98. 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 business's fifty day moving average is $109.92 and its 200 day moving average is $92.42. Allison Transmission Holdings, Inc. has a 52 week low of $55.19 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million for the quarter, compared to analysts' expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS. Research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Monday, November 18th. Allison Transmission's payout ratio is presently 12.18%.

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.