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

Linden Thomas Advisory Services LLC grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 27,777 shares of the auto parts company’s stock after buying an additional 232 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Allison Transmission were worth $3,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC lifted 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. Geode Capital Management LLC increased its holdings 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 worth $188,511,000 after buying an additional 79,506 shares in the last quarter. State Street Corp lifted its stake in shares of Allison Transmission by 0.8% in the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock valued at $161,597,000 after acquiring an additional 13,252 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Allison Transmission by 34.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after acquiring an additional 233,214 shares in the last quarter. Finally, Copeland Capital Management LLC grew its position in Allison Transmission by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock worth $61,120,000 after acquiring an additional 5,489 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,639 shares of company stock valued at $2,683,537. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Trading Down 0.7 %

NYSE:ALSN opened at $119.54 on Friday. Allison Transmission Holdings, Inc. has a 52 week low of $58.77 and a 52 week high of $122.53. The firm’s fifty day moving average is $114.19 and its 200-day moving average is $100.53. The firm has a market cap 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. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN) last issued 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 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 prior year, the firm posted $1.76 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts expect that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s payout ratio is currently 12.18%.

Analysts Set New Price Targets

ALSN has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Robert W. Baird raised their price objective 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. Citigroup reduced their target price on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Bank of America raised their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley boosted their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and an average price target of $101.38.

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.