Eagle Asset Management Inc. Grows Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Eagle Asset Management Inc. lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 33.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,083 shares of the auto parts company’s stock after acquiring an additional 23,802 shares during the quarter. Eagle Asset Management Inc. owned 0.11% of Allison Transmission worth $9,135,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ALSN. Harbor Capital Advisors Inc. boosted its position in Allison Transmission by 238.0% during the second quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company’s stock worth $1,229,000 after purchasing an additional 11,401 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Allison Transmission by 25.3% during the 1st quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company’s stock worth $4,627,000 after purchasing an additional 11,495 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Allison Transmission in the 1st quarter valued at approximately $1,664,000. Artemis Investment Management LLP acquired a new stake in Allison Transmission during the 2nd quarter valued at $2,252,000. Finally, CWA Asset Management Group LLC purchased a new position in Allison Transmission during the third quarter worth $947,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $119.65 on Friday. The firm has a market cap of $10.36 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 2.10 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. Allison Transmission Holdings, Inc. has a 1 year low of $53.09 and a 1 year high of $121.36. The stock has a 50-day simple moving average of $103.23 and a 200-day simple moving average of $88.38.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating 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 business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio is presently 12.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALSN. Robert W. Baird upped their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Citigroup upped their target price on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Finally, Bank of America increased their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.25.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 13.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,741 shares of company stock valued at $781,520. 1.10% of the stock is currently owned by insiders.

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.