Linden Thomas Advisory Services LLC Has $3 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Linden Thomas Advisory Services LLC boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,777 shares of the auto parts company’s stock after buying an additional 232 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Allison Transmission were worth $3,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Allison Transmission by 24.3% during 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 in the last quarter. Jennison Associates LLC acquired a new stake in Allison Transmission during the 3rd quarter worth approximately $52,156,000. Loomis Sayles & Co. L P lifted its stake in Allison Transmission by 252.5% in the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock valued at $56,974,000 after buying an additional 424,813 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after acquiring an additional 233,214 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Allison Transmission by 86.7% during the third quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company’s stock worth $23,551,000 after acquiring an additional 113,868 shares during the period. 96.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the transaction, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. This represents a 19.19 % 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, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,303,856.58. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock worth $2,683,537 over the last three months. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $119.54 on Friday. 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 capitalization of $10.35 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.90 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 12 month low of $58.77 and a 12 month high of $122.53. The stock has a 50 day moving average of $114.19 and a 200-day moving average of $100.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 earnings per share. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 8.28 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a $0.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.84%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Analysts Set New Price Targets

ALSN has been the topic of several recent research reports. Bank of America lifted their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Oppenheimer lifted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Citigroup reduced their target price on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Two 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.38.

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.