Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 20.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 154,051 shares of the auto parts company’s stock after buying an additional 26,327 shares during the period. Natixis Advisors LLC’s holdings in Allison Transmission were worth $14,800,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ALSN. Renaissance Technologies LLC grew its position in shares of Allison Transmission by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after acquiring an additional 39,700 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Allison Transmission by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after buying an additional 41,168 shares during the last quarter. Federated Hermes Inc. increased its position in Allison Transmission by 5.9% in the 2nd quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock valued at $68,793,000 after acquiring an additional 50,625 shares during the period. Bank of New York Mellon Corp raised its stake in Allison Transmission by 12.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock valued at $51,903,000 after acquiring an additional 77,649 shares during the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of Allison Transmission by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock valued at $61,120,000 after purchasing an additional 5,489 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ALSN shares. Bank of America lifted their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Citigroup increased their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Robert W. Baird increased their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $92.25.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. The trade was a 15.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 8,420 shares of the company’s stock, valued at $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,741 shares of company stock valued at $781,520 over the last three months. 0.93% of the stock is currently owned by insiders.

Allison Transmission Trading Down 1.2 %

Shares of ALSN stock opened at $115.98 on Wednesday. Allison Transmission Holdings, Inc. has a fifty-two week low of $53.00 and a fifty-two week high of $121.36. 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 business has a fifty day simple moving average of $100.78 and a 200-day simple moving average of $87.37. The stock has a market cap of $10.05 billion, a P/E ratio of 14.13, a P/E/G ratio of 2.06 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

Allison Transmission 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.