Walleye Capital LLC Has $300,000 Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Walleye Capital LLC reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 92.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,124 shares of the auto parts company’s stock after selling 38,250 shares during the quarter. Walleye Capital LLC’s holdings in Allison Transmission were worth $300,000 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 position in Allison Transmission in the second quarter valued at about $33,000. Fifth Third Bancorp raised its position in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 506 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 162 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Allison Transmission during the third quarter worth about $82,000. Finally, Covestor Ltd raised its position in shares of Allison Transmission by 35.1% during the third quarter. Covestor Ltd now owns 936 shares of the auto parts company’s stock worth $90,000 after acquiring an additional 243 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALSN has been the topic of several analyst reports. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their target price on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Robert W. Baird boosted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Finally, Oppenheimer boosted their target price on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Allison Transmission has an average rating of “Hold” and a consensus price target of $94.88.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $113.96 on Wednesday. Allison Transmission Holdings, Inc. has a one year low of $54.97 and a one year high of $122.53. The stock’s fifty day moving average is $109.19 and its 200 day moving average is $92.10. The stock has a market cap of $9.87 billion, a P/E ratio of 13.88, a P/E/G ratio of 2.09 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. During the same period last year, the firm earned $1.76 EPS. Allison Transmission’s revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.88%. Allison Transmission’s dividend payout ratio is presently 12.18%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was 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 of the company’s stock, valued at $912,095. This trade represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 24,380 shares of company stock valued at $2,830,837 over the last ninety days. 0.93% of the stock is currently owned by company insiders.

Allison Transmission Company 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.