UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 24.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 275,740 shares of the auto parts company's stock after selling 91,116 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.32% of Allison Transmission worth $26,490,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ALSN. Triad Wealth Partners LLC bought a new position in shares of Allison Transmission during the second quarter valued at approximately $33,000. Fifth Third Bancorp grew its position in Allison Transmission by 139.8% in the 2nd 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 last quarter. Venturi Wealth Management LLC lifted its position 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 purchasing an additional 162 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Allison Transmission during the third quarter valued at $82,000. Finally, Covestor Ltd grew its holdings in shares of Allison Transmission by 35.1% in the third quarter. Covestor Ltd now owns 936 shares of the auto parts company's stock worth $90,000 after purchasing an additional 243 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Up 0.0 %

Shares of ALSN stock traded up $0.05 during trading hours on Thursday, reaching $118.00. 318,181 shares of the company's stock were exchanged, compared to its average volume of 611,459. Allison Transmission Holdings, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $122.53. The stock's 50 day moving average is $107.66 and its 200-day moving average is $90.85. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 2.08 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating analysts' consensus estimates 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 posted $1.76 earnings per share. The firm's revenue was up 12.0% compared to the same quarter last year. Analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. Allison Transmission's payout ratio is 12.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Monday. Bank of America lifted their target price on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased 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. Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their target price on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $94.25.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the company's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares of the company's stock, valued at approximately $960,100. This represents a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Graziosi sold 11,590 shares of the 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 sale, the chief executive officer now directly owns 168,833 shares in the company, valued at $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 ninety days, insiders sold 24,380 shares of company stock worth $2,830,837. Company insiders own 1.10% 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.