Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 26.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,396 shares of the auto parts company's stock after selling 66,400 shares during the period. Two Sigma Advisers LP owned approximately 0.21% of Allison Transmission worth $17,811,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quarry LP grew its holdings 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 acquiring an additional 114 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of Allison Transmission during the 2nd quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its position in Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock valued at $71,000 after acquiring an additional 162 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Allison Transmission in the 3rd quarter valued at about $82,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock valued at $66,000 after acquiring an additional 506 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of research reports. Citigroup raised their price target on Allison Transmission from $125.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday. Bank of America lifted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, October 11th. Robert W. Baird increased their price objective on Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, Oppenheimer boosted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $94.88.

Allison Transmission Trading Down 3.0 %

NYSE:ALSN traded down $3.58 during mid-day trading on Monday, reaching $113.84. The company's stock had a trading volume of 522,500 shares, compared to its average volume of 611,866. Allison Transmission Holdings, Inc. has a twelve month low of $54.97 and a twelve month high of $122.53. The company's fifty day simple moving average is $108.50 and its two-hundred day simple moving average is $91.55. 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 stock has a market cap of $9.86 billion, a P/E ratio of 13.96, a P/E/G ratio of 2.09 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million for 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%. Allison Transmission's revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission's dividend payout ratio (DPR) is presently 12.18%.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the company's stock in a transaction dated 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 transaction, the vice president now owns 9,601 shares in the company, valued at approximately $912,095. This represents a 17.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Graziosi sold 11,590 shares of the business's stock in a transaction that occurred on 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 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 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. Company insiders own 0.93% of the company's stock.

Allison Transmission Company 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.