Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Position Decreased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,565 shares of the auto parts company’s stock after selling 201 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Allison Transmission were worth $1,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ALSN. Versant Capital Management Inc increased its stake in Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Allison Transmission in the second quarter worth approximately $33,000. Fifth Third Bancorp raised its holdings in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 506 shares during the period. Quent Capital LLC raised its holdings in shares of Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 172 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 162 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ALSN shares. JPMorgan Chase & Co. increased their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. The Goldman Sachs Group increased their price objective on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Citigroup lifted their target price on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. 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 stock. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and a consensus price target of $92.25.

Allison Transmission Trading Down 1.3 %

NYSE:ALSN opened at $116.11 on Monday. The company has a market capitalization of $10.06 billion, a P/E ratio of 14.14, a P/E/G ratio of 2.07 and a beta of 0.98. The stock’s 50 day moving average price is $100.17 and its 200 day moving average price is $86.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission Holdings, Inc. has a 52 week low of $52.83 and a 52 week high of $121.36.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

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

Insider Buying and Selling

In related news, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at $912,095. This trade represents a 17.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is currently owned by insiders.

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.