The Manufacturers Life Insurance Company Reduces Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

The Manufacturers Life Insurance Company reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,046 shares of the auto parts company’s stock after selling 566 shares during the period. The Manufacturers Life Insurance Company’s holdings in Allison Transmission were worth $2,694,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Advisors LLC lifted its holdings in Allison Transmission by 10.1% during the 1st quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company’s stock worth $362,000 after buying an additional 408 shares during the last quarter. CWM LLC boosted its holdings in Allison Transmission by 128.5% in the second quarter. CWM LLC now owns 6,009 shares of the auto parts company’s stock valued at $456,000 after purchasing an additional 3,379 shares in the last quarter. QRG Capital Management Inc. increased its stake in Allison Transmission by 30.6% in the second quarter. QRG Capital Management Inc. now owns 4,281 shares of the auto parts company’s stock valued at $325,000 after purchasing an additional 1,002 shares during the last quarter. Diversified Trust Co raised its holdings in Allison Transmission by 38.8% during the second quarter. Diversified Trust Co now owns 6,366 shares of the auto parts company’s stock worth $483,000 after purchasing an additional 1,781 shares in the last quarter. Finally, Andina Capital Management LLC lifted its position in shares of Allison Transmission by 13.2% during the 2nd quarter. Andina Capital Management LLC now owns 6,925 shares of the auto parts company’s stock worth $526,000 after buying an additional 808 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $912,095. The trade was a 17.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,380 shares of company stock worth $2,830,837 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Up 0.3 %

ALSN opened at $117.42 on Monday. The business has a 50 day moving average price of $108.50 and a two-hundred day moving average price of $91.55. Allison Transmission Holdings, Inc. has a 52 week low of $54.25 and a 52 week high of $122.53. The company has a market cap of $10.17 billion, a PE ratio of 14.30, a P/E/G ratio of 2.10 and a beta of 0.98. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $824.00 million during 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%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the company earned $1.76 earnings per share. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

Analysts Set New Price Targets

A number of research analysts recently commented on ALSN shares. Oppenheimer increased their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price objective on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a report on Friday, November 1st. Citigroup raised their price target on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus target price of $94.25.

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.