Raymond James & Associates Has $17.98 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Raymond James & Associates cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,135 shares of the auto parts company’s stock after selling 287 shares during the period. Raymond James & Associates’ holdings in Allison Transmission were worth $17,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC increased its position in shares of Allison Transmission by 24.0% in the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in shares of Allison Transmission by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock worth $676,000 after purchasing an additional 186 shares during the period. Americana Partners LLC lifted its holdings in shares of Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 191 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of Allison Transmission by 4.1% in the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 200 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its stake in Allison Transmission by 0.8% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock worth $2,034,000 after purchasing an additional 210 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,741 shares of company stock valued at $546,060. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ALSN shares. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Citigroup upped their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Raymond James assumed coverage on Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price target on the stock. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group raised their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $86.86.

Allison Transmission Stock Down 1.0 %

ALSN stock opened at $98.44 on Friday. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 1.78 and a beta of 0.99. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $101.40. The business has a 50 day moving average price of $93.24 and a two-hundred day moving average price of $83.49. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same period last year, the business earned $1.92 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. Allison Transmission’s dividend payout ratio is presently 13.35%.

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.