Jacobs Levy Equity Management Inc. Cuts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jacobs Levy Equity Management Inc. cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 607,283 shares of the auto parts company’s stock after selling 21,339 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Allison Transmission were worth $58,342,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission in the 2nd quarter valued at about $33,000. Fifth Third Bancorp lifted its position in Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 162 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Allison Transmission during the 3rd quarter valued at $82,000. Finally, Covestor Ltd grew its stake in shares of Allison Transmission by 35.1% in the third quarter. Covestor Ltd now owns 936 shares of the auto parts company’s stock worth $90,000 after purchasing an additional 243 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

Shares of ALSN opened at $116.98 on Wednesday. The business’s fifty day simple moving average is $107.16 and its two-hundred day simple moving average is $90.66. 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 cap of $10.13 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 2.07 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12 month low of $54.06 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN) last released 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 company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. Allison Transmission’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. Research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid 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 dividend yield of 0.85%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALSN shares. Citigroup upped their target price on Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. 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 report on Friday, October 11th. Robert W. Baird lifted their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer raised their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $94.25.

Insider Activity

In other news, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were 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 $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,380 shares of company stock worth $2,830,837 in the last three months. Company insiders own 0.93% of the company’s stock.

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.