Sumitomo Mitsui Trust Group Inc. Has $1.48 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,438 shares of the auto parts company’s stock after selling 122 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Allison Transmission were worth $1,483,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its position in Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after buying an additional 162 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Allison Transmission by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock valued at $382,000 after purchasing an additional 167 shares in the last quarter. Quent Capital LLC boosted its holdings 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 purchasing an additional 172 shares in the last quarter. Miller Howard Investments Inc. NY boosted its holdings in shares of Allison Transmission by 2.1% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after purchasing an additional 186 shares in the last quarter. Finally, Americana Partners LLC boosted its holdings in shares of Allison Transmission by 3.9% in 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. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Down 1.2 %

Shares of NYSE:ALSN opened at $115.98 on Wednesday. The firm 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. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 12-month low of $53.00 and a 12-month high of $121.36. The business has a fifty day simple moving average of $100.78 and a 200 day simple moving average of $87.37.

Allison Transmission (NYSE:ALSN) last announced its earnings results 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 during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. Allison Transmission’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $1.76 EPS. Analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 dividend payout ratio is currently 12.18%.

Insider Buying and Selling

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 15.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 13.87 % 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 in the last three months. Insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of research analyst reports. Robert W. Baird raised their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Oppenheimer raised their target price on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased 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. Finally, Citigroup increased their price target on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $92.25.

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.