Venturi Wealth Management LLC Buys 162 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Venturi Wealth Management LLC grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 27.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 744 shares of the auto parts company’s stock after purchasing an additional 162 shares during the quarter. Venturi Wealth Management LLC’s holdings in Allison Transmission were worth $71,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in Allison Transmission by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock valued at $267,359,000 after buying an additional 39,700 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 valued at $143,716,000 after purchasing an additional 41,168 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Allison Transmission by 5.9% during the second quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock worth $68,793,000 after purchasing an additional 50,625 shares during the last quarter. Bank of New York Mellon Corp grew its position in Allison Transmission by 12.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock worth $51,903,000 after purchasing an additional 77,649 shares in the last quarter. Finally, Copeland Capital Management LLC increased its stake in 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 buying an additional 5,489 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This represents a 13.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the 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 completion of the sale, the vice president now owns 9,601 shares in the company, valued at $960,100. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,741 shares of company stock valued at $546,060. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $117.67 on Friday. The firm has a market capitalization of $10.19 billion, a PE ratio of 14.33, a P/E/G ratio of 2.11 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. The company has a 50-day moving average price of $98.97 and a two-hundred day moving average price of $86.39. Allison Transmission Holdings, Inc. has a twelve month low of $52.83 and a twelve month high of $121.36.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $790.08 million. During the same period last year, the firm earned $1.76 EPS. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 8.2 EPS for the current 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 dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%. 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.