US Bancorp DE trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) by 2.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,146 shares of the auto parts company’s stock after selling 656 shares during the period. US Bancorp DE’s holdings in Allison Transmission were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC increased its position in shares of Allison Transmission by 88.9% during the second quarter. FinTrust Capital Advisors LLC now owns 665 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 313 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Allison Transmission during the third quarter worth about $39,000. Canada Pension Plan Investment Board increased its position in shares of Allison Transmission by 157.4% during the first quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the auto parts company’s stock worth $51,000 after purchasing an additional 795 shares in the last quarter. Platinum Investment Management Ltd. acquired a new stake in shares of Allison Transmission during the second quarter worth about $89,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Allison Transmission during the second quarter worth about $114,000. Institutional investors and hedge funds own 99.89% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ALSN. Citigroup lifted their target price on Allison Transmission to $44.00 in a research report on Tuesday, November 1st. The Goldman Sachs Group dropped their price target on Allison Transmission from $37.00 to $32.00 and set a “sell” rating on the stock in a research report on Friday, October 14th. Credit Suisse Group boosted their price target on Allison Transmission from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, October 28th. StockNews.com assumed coverage on Allison Transmission in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Morgan Stanley boosted their price target on Allison Transmission from $33.00 to $36.00 and gave the company an “underweight” rating in a research report on Wednesday, December 14th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and an average price target of $40.00.
Allison Transmission Stock Performance
Allison Transmission (NYSE:ALSN – Get Rating) last released its earnings results on Wednesday, October 26th. The auto parts company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.14. Allison Transmission had a return on equity of 71.96% and a net margin of 18.85%. The company had revenue of $710.00 million for the quarter, compared to analysts’ expectations of $681.87 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. Research analysts expect that Allison Transmission Holdings, Inc. will post 5.21 EPS for the current year.
Allison Transmission Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Friday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is 16.28%.
Insider Transactions at Allison Transmission
In other news, VP Eric C. Scroggins sold 4,761 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $43.35, for a total transaction of $206,389.35. Following the sale, the vice president now owns 16,807 shares of the company’s stock, valued at approximately $728,583.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
- Get a free copy of the StockNews.com research report on Allison Transmission (ALSN)
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