AdvisorNet Financial Inc Lowers Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

AdvisorNet Financial Inc cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 44.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 319 shares of the auto parts company’s stock after selling 259 shares during the period. AdvisorNet Financial Inc’s holdings in Allison Transmission were worth $34,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ALSN. World Investment Advisors LLC acquired a new position in Allison Transmission during the third quarter worth $29,000. Quarry LP raised its position in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Allison Transmission during the third quarter worth $67,000. Venturi Wealth Management LLC raised its position in 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 period. Finally, City State Bank acquired a new position in Allison Transmission during the fourth quarter worth $76,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Price Performance

Allison Transmission stock opened at $119.47 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $55.81 and a 12-month high of $122.53. The stock has a market cap of $10.35 billion, a P/E ratio of 14.55, a PEG ratio of 1.73 and a beta of 1.00. The company has a 50-day moving average price of $114.02 and a 200 day moving average price of $99.15. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same period last year, the business earned $1.76 earnings per share. Allison Transmission’s revenue was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 8.26 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently announced 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. This represents a $1.00 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock valued at $2,683,537 over the last 90 days. 0.93% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of recent research reports. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Oppenheimer increased their target price 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. JPMorgan Chase & Co. increased their target price 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. Morgan Stanley increased their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Citigroup reduced their target price on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus price target of $101.38.

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.