Stifel Financial Corp Buys 982 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Stifel Financial Corp grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 25,672 shares of the auto parts company’s stock after acquiring an additional 982 shares during the period. Stifel Financial Corp’s holdings in Allison Transmission were worth $2,466,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Glenmede Trust Co. NA grew its holdings in shares of Allison Transmission by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock worth $9,333,000 after purchasing an additional 4,261 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in Allison Transmission during the 3rd quarter worth approximately $947,000. Oppenheimer & Co. Inc. increased its position in Allison Transmission by 133.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock valued at $1,337,000 after acquiring an additional 7,944 shares during the period. Van ECK Associates Corp raised its stake in shares of Allison Transmission by 87.6% during the second quarter. Van ECK Associates Corp now owns 65,578 shares of the auto parts company’s stock valued at $4,978,000 after acquiring an additional 30,629 shares during the last quarter. Finally, AXA S.A. lifted its holdings in shares of Allison Transmission by 13.2% during the second quarter. AXA S.A. now owns 101,847 shares of the auto parts company’s stock worth $7,730,000 after purchasing an additional 11,914 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $106.85 on Thursday. Allison Transmission Holdings, Inc. has a twelve month low of $55.19 and a twelve month high of $122.53. 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 $9.26 billion, a P/E ratio of 13.01, a P/E/G ratio of 2.03 and a beta of 0.98. The company has a fifty day moving average of $111.01 and a 200-day moving average of $93.58.

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

Allison Transmission Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.94%. Allison Transmission’s payout ratio is 12.18%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Wednesday. 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 research report on Wednesday, October 30th. Citigroup upped their target price on Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group raised their price target 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. Finally, Bank of America upped their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.63.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at approximately $912,095. This trade represents a 17.24 % 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 the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,380 shares of company stock valued at $2,830,837. 1.10% of the stock is owned by corporate 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.