Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC lowered its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 25.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,491 shares of the auto parts company’s stock after selling 55,590 shares during the period. Allison Transmission accounts for 1.9% of Isthmus Partners LLC’s investment portfolio, making the stock its 12th largest holding. Isthmus Partners LLC’s holdings in Allison Transmission were worth $15,611,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares during the period. Triad Wealth Partners LLC purchased a new position in Allison Transmission during the 2nd quarter worth $33,000. Venturi Wealth Management LLC raised its position in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after buying an additional 162 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Allison Transmission during the 3rd quarter worth $82,000. Finally, Fifth Third Bancorp raised its position in Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after buying an additional 506 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $118.58 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 firm has a 50-day moving average price of $105.63 and a two-hundred day moving average price of $89.57. Allison Transmission Holdings, Inc. has a twelve month low of $53.09 and a twelve month high of $122.53. The company has a market capitalization of $10.27 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last posted 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. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same period last year, the firm posted $1.76 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

Insiders Place Their Bets

In related news, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. This trade represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at $912,095. This represents a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,067 shares of company stock valued at $1,239,319 in the last ninety days. Insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ALSN shares. Oppenheimer upped their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Finally, Citigroup increased their price target on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $94.25.

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.