US Bancorp DE Has $828,000 Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

US Bancorp DE lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,621 shares of the auto parts company’s stock after acquiring an additional 1,079 shares during the quarter. US Bancorp DE’s holdings in Allison Transmission were worth $828,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in Allison Transmission by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after buying an additional 39,700 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Allison Transmission by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after buying an additional 41,168 shares during the period. Federated Hermes Inc. lifted its holdings in Allison Transmission by 5.9% during the 2nd quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock worth $68,793,000 after buying an additional 50,625 shares during the period. Bank of New York Mellon Corp lifted its holdings in Allison Transmission by 12.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock worth $51,903,000 after buying an additional 77,649 shares during the period. Finally, Copeland Capital Management LLC lifted its holdings in Allison Transmission by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock worth $61,120,000 after buying an additional 5,489 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,741 shares of company stock worth $546,060. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price objective on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.25.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $118.96 on Friday. Allison Transmission Holdings, Inc. has a one year low of $51.95 and a one year high of $119.82. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 2.09 and a beta of 0.98. The business has a 50-day simple moving average of $97.23 and a 200 day simple moving average of $85.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

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. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 EPS. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.2 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s dividend payout ratio (DPR) is currently 12.18%.

About Allison Transmission

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.