Walleye Capital LLC Reduces Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Walleye Capital LLC trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 92.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,124 shares of the auto parts company's stock after selling 38,250 shares during the period. Walleye Capital LLC's holdings in Allison Transmission were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ALSN. Clifford Capital Partners LLC lifted its holdings in shares of Allison Transmission by 66.1% in the third quarter. Clifford Capital Partners LLC now owns 7,391 shares of the auto parts company's stock valued at $710,000 after purchasing an additional 2,940 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Allison Transmission by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company's stock valued at $9,333,000 after acquiring an additional 4,261 shares in the last quarter. Townsquare Capital LLC bought a new position in Allison Transmission during the 3rd quarter valued at $317,000. BNP Paribas Financial Markets boosted its holdings in Allison Transmission by 30.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,958 shares of the auto parts company's stock worth $3,358,000 after acquiring an additional 8,072 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Allison Transmission by 24.3% in the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock worth $1,224,479,000 after acquiring an additional 2,493,310 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded up $0.48 during midday trading on Wednesday, hitting $114.43. The company's stock had a trading volume of 586,265 shares, compared to its average volume of 611,554. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 2.09 and a beta of 0.98. 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 stock has a fifty day moving average price of $109.53 and a 200 day moving average price of $92.25. Allison Transmission Holdings, Inc. has a one year low of $55.19 and a one year 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. 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 quarter in the previous year, the firm posted $1.76 EPS. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.87%. Allison Transmission's dividend payout ratio is currently 12.18%.

Insider Activity

In other news, CEO David S. Graziosi sold 5,326 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,280,219.96. The trade was a 3.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at $960,100. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,380 shares of company stock worth $2,830,837 over the last ninety days. Company insiders own 0.93% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ALSN. Robert W. Baird boosted their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Bank of America boosted their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research note on Wednesday, October 30th. Citigroup increased their price target on Allison Transmission from $125.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday. JPMorgan Chase & Co. boosted their price objective 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, StockNews.com raised Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $94.88.

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.