Assenagon Asset Management S.A. Sells 51,027 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Assenagon Asset Management S.A. lowered its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 70.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,779 shares of the auto parts company’s stock after selling 51,027 shares during the period. Assenagon Asset Management S.A.’s holdings in Allison Transmission were worth $2,353,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. World Investment Advisors LLC bought a new stake in Allison Transmission in the third quarter valued at approximately $29,000. Quarry LP lifted its position in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 114 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Allison Transmission in the 3rd quarter valued at $67,000. Venturi Wealth Management LLC increased 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 buying an additional 162 shares during the period. Finally, City State Bank bought a new position in Allison Transmission during the fourth quarter worth $76,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Bank of America raised their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Oppenheimer raised their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.38.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.73, for a total value 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 trade represents a 19.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction that occurred 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 represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,639 shares of company stock valued at $2,683,537. Corporate insiders own 0.93% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $120.23 on Thursday. Allison Transmission Holdings, Inc. has a twelve month low of $58.14 and a twelve month high of $122.53. The stock’s 50 day moving average is $114.04 and its 200-day moving average is $99.94. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.89 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 earnings per share. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 8.28 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid 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 0.83%. 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.