Wealth Enhancement Advisory Services LLC Boosts Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Wealth Enhancement Advisory Services LLC grew its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,370 shares of the auto parts company’s stock after purchasing an additional 100 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Allison Transmission were worth $1,661,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. World Investment Advisors LLC purchased a new stake in Allison Transmission in the third quarter valued at approximately $29,000. Quarry LP raised its position in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after buying an additional 114 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Allison Transmission during the 3rd quarter worth $67,000. Venturi Wealth Management LLC grew its position in Allison Transmission by 27.8% in 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 in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Allison Transmission in the third quarter valued at $82,000. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In related news, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the transaction, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock valued at $2,683,537 in the last 90 days. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $116.26 on Thursday. 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 Holdings, Inc. has a fifty-two week low of $55.81 and a fifty-two week high of $122.53. The firm has a market cap of $10.07 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00. The business has a 50 day moving average price of $114.02 and a 200-day moving average price of $98.54.

Allison Transmission (NYSE:ALSN) last announced its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the prior year, the company posted $1.76 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts predict 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. Investors 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 0.86%. Allison Transmission’s dividend payout ratio is presently 12.18%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Bank of America lifted their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note 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. Oppenheimer increased their price target 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 boosted their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley upped their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $101.38.

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.