Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,587 shares of the auto parts company’s stock after selling 974 shares during the period. Principal Financial Group Inc.’s holdings in Allison Transmission were worth $537,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. FMR LLC increased its position in shares of Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after buying an additional 2,493,310 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Allison Transmission by 1.1% in the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock valued at $267,359,000 after acquiring an additional 39,700 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Allison Transmission by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after acquiring an additional 79,506 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Allison Transmission by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after buying an additional 41,168 shares during the last quarter. Finally, State Street Corp grew its position in shares of Allison Transmission by 0.8% in the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock valued at $161,597,000 after purchasing an additional 13,252 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $109.48 on Monday. Allison Transmission Holdings, Inc. has a 12-month low of $55.47 and a 12-month high of $122.53. The business has a 50 day simple moving average of $113.27 and a 200 day simple moving average of $96.48. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last announced 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 business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $1.76 earnings per share. On average, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ALSN shares. Bank of America increased their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. Oppenheimer raised their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.63.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.73, for a total transaction of $235,460.00. Following the completion of the sale, the senior vice president now owns 8,420 shares in the company, valued at approximately $991,286.60. This represents a 19.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $2,683,537 in the last three months. 1.10% 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.