World Investment Advisors LLC Invests $29,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

World Investment Advisors LLC purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,917 shares of the auto parts company's stock, valued at approximately $29,000.

Several other large investors have also modified their holdings of the business. FMR LLC raised its stake in Allison Transmission by 24.3% in the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock valued at $1,224,479,000 after purchasing an additional 2,493,310 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Allison Transmission by 1.1% in the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company's stock valued at $267,359,000 after buying an additional 39,700 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Allison Transmission by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company's stock valued at $188,511,000 after buying an additional 79,506 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Allison Transmission by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company's stock valued at $143,716,000 after buying an additional 41,168 shares during the period. Finally, State Street Corp boosted its position in Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock worth $161,597,000 after acquiring an additional 13,252 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALSN has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Oppenheimer increased their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Robert W. Baird boosted their target price 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. StockNews.com lowered shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $102.63.

Allison Transmission Stock Up 1.9 %

Shares of NYSE:ALSN traded up $2.08 during midday trading on Friday, hitting $109.30. 1,718,424 shares of the company's stock traded hands, compared to its average volume of 618,974. Allison Transmission Holdings, Inc. has a twelve month low of $55.19 and a twelve month high of $122.53. The company has a market cap of $9.47 billion, a PE ratio of 13.31, 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 quick ratio of 2.25 and a current ratio of 2.83. The firm's fifty day moving average price is $111.19 and its two-hundred day moving average price is $93.68.

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 for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.76 earnings per share. On average, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. Allison Transmission's payout ratio is currently 12.18%.

Insider Activity

In related news, CEO David S. Graziosi sold 1,723 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the sale, the chief executive officer now directly owns 168,833 shares of the company's stock, valued at $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas Eifert sold 2,000 shares of the stock in a transaction 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 transaction, the vice president now 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 disclosure for this sale can be found here. Over the last three months, insiders sold 24,380 shares of company stock worth $2,830,837. 1.10% of the stock is currently 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.