Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,134 shares of the auto parts company’s stock after selling 8,460 shares during the quarter. Allison Transmission makes up about 2.4% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 9th largest holding. Norris Perne & French LLP MI owned approximately 0.36% of Allison Transmission worth $33,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Glenmede Trust Co. NA raised its position in shares of Allison Transmission by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock worth $9,333,000 after purchasing an additional 4,261 shares during the period. Smith Group Asset Management LLC acquired a new position in shares of Allison Transmission during the 4th quarter worth about $2,161,000. CWA Asset Management Group LLC bought a new stake in Allison Transmission in the 3rd quarter valued at $947,000. Franklin Resources Inc. grew its position in Allison Transmission by 46.8% during the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after buying an additional 79,745 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Allison Transmission by 4.2% in 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 purchasing an additional 79,506 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALSN shares. Oppenheimer boosted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price 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. The Goldman Sachs Group increased their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Morgan Stanley increased 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 report on Tuesday, December 17th. Finally, Citigroup reduced their price target on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.38.

Insider Activity at Allison Transmission

In related news, 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 transaction of $235,460.00. Following the completion of the sale, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,303,856.58. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock worth $2,683,537 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Stock Performance

NYSE:ALSN opened at $118.83 on Friday. The business’s fifty day moving average is $114.16 and its 200 day moving average is $101.54. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 14.47, a PEG 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 Holdings, Inc. has a 52-week low of $60.26 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN) last posted its quarterly 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 business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. Research analysts predict that Allison Transmission Holdings, Inc. will post 8.28 EPS for the current year.

Allison Transmission Announces Dividend

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

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.