State Street Corp Grows Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

State Street Corp grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,682,076 shares of the auto parts company's stock after acquiring an additional 13,252 shares during the quarter. State Street Corp owned about 1.94% of Allison Transmission worth $161,597,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Quarry LP grew its stake in Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after buying an additional 114 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Allison Transmission by 3.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company's stock worth $355,000 after acquiring an additional 126 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock worth $71,000 after acquiring an additional 162 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Allison Transmission by 4.4% during the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock valued at $382,000 after acquiring an additional 167 shares in the last quarter. Finally, Miller Howard Investments Inc. NY raised its position in shares of Allison Transmission by 2.1% in 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 during the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded up $0.05 during trading on Friday, reaching $116.51. 741,709 shares of the company traded hands, compared to its average volume of 613,205. The stock has a market cap of $10.09 billion, a P/E ratio of 14.19, a PEG ratio of 2.03 and a beta of 0.98. The firm's fifty day simple moving average is $109.92 and its 200 day simple moving average is $92.42. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 12-month low of $55.19 and a 12-month high of $122.53.

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 for the quarter, beating 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 during the quarter, compared to analysts' expectations of $790.08 million. During the same period last year, the business earned $1.76 earnings per share. Allison Transmission's quarterly revenue was up 12.0% on a year-over-year basis. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared 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 yield of 0.86%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission's dividend payout ratio (DPR) is presently 12.18%.

Analyst Ratings Changes

Several research firms have weighed in on ALSN. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday. Robert W. Baird boosted their price objective 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. Citigroup raised their target price on Allison Transmission from $125.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Finally, Oppenheimer increased their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Two equities research analysts have 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $96.38.

Insider Activity at Allison Transmission

In related news, CEO David S. Graziosi sold 11,590 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.44, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $912,095. The trade was a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,380 shares of company stock worth $2,830,837. 1.10% of the stock is owned by company insiders.

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.