PNC Financial Services Group Inc. Sells 333 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

PNC Financial Services Group Inc. trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 34,735 shares of the auto parts company’s stock after selling 333 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Allison Transmission were worth $3,337,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its holdings in Allison Transmission by 238.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company’s stock worth $1,229,000 after buying an additional 11,401 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Allison Transmission by 25.3% during the 1st quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company’s stock valued at $4,627,000 after purchasing an additional 11,495 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Allison Transmission during the 2nd quarter valued at about $2,252,000. CWA Asset Management Group LLC bought a new stake in shares of Allison Transmission during the 3rd quarter valued at about $947,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Allison Transmission by 133.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock valued at $1,337,000 after purchasing an additional 7,944 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Insider Activity

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at $960,100. This represents a 15.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company’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 directly owns 8,420 shares in the company, valued at $991,286.60. This trade represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,741 shares of company stock valued at $781,520. 1.10% of the stock is currently owned by insiders.

Allison Transmission Stock Up 1.3 %

NYSE ALSN opened at $119.65 on Monday. The stock’s 50 day moving average is $103.23 and its 200 day moving average is $88.47. 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 Holdings, Inc. has a 12 month low of $53.09 and a 12 month high of $121.36. The stock has a market cap of $10.36 billion, a PE ratio of 14.57, a P/E/G ratio of 2.10 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued 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. The business had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 EPS. Research analysts predict that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 dividend yield of 0.84%. The ex-dividend date is Monday, November 18th. Allison Transmission’s dividend payout ratio is currently 12.18%.

Analyst Ratings Changes

A number of research firms have issued reports on ALSN. Bank of America boosted their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Oppenheimer boosted their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, November 1st. Robert W. Baird boosted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $94.25.

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.