Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 20.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,981 shares of the auto parts company’s stock after selling 34,134 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Allison Transmission were worth $12,968,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ALSN. Thompson Siegel & Walmsley LLC grew its position in shares of Allison Transmission by 257.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after purchasing an additional 230,152 shares during the last quarter. Carlson Capital L P acquired a new stake in shares of Allison Transmission in the first quarter valued at approximately $9,561,000. Sanctuary Advisors LLC acquired a new stake in Allison Transmission during the second quarter worth approximately $7,953,000. Burney Co. boosted its position in Allison Transmission by 34.7% during the first quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock worth $32,119,000 after acquiring an additional 101,920 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Allison Transmission by 84.3% during the first quarter. Sei Investments Co. now owns 190,399 shares of the auto parts company’s stock worth $15,454,000 after acquiring an additional 87,089 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of analyst reports. Robert W. Baird raised their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Citigroup raised their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. 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 raised their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, 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. Two investment 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $92.25.

Insider Activity at Allison Transmission

In related news, 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 completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,741 shares of company stock valued at $546,060. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $120.01 on Tuesday. The company’s fifty day simple moving average is $97.23 and its 200-day simple moving average is $85.57. Allison Transmission Holdings, Inc. has a 52 week low of $52.36 and a 52 week high of $121.36. 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 $10.40 billion, a PE ratio of 14.62, a P/E/G ratio of 2.12 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued its 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 the consensus estimate of $790.08 million. During the same quarter last year, the firm posted $1.76 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.2 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

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.