Baader Bank Aktiengesellschaft Purchases Shares of 3,008 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Baader Bank Aktiengesellschaft acquired a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, HoldingsChannel reports. The firm acquired 3,008 shares of the auto parts company’s stock, valued at approximately $325,000.

A number of other large investors also recently modified their holdings of ALSN. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allison Transmission during the 4th quarter valued at $31,000. Quarry LP raised its holdings in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after purchasing an additional 396 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Allison Transmission during the third quarter worth about $67,000. Finally, City State Bank bought a new stake in Allison Transmission in the 4th quarter worth about $76,000. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALSN. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. Oppenheimer upped 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. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Bank of America increased their price target 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and an average price target of $101.38.

Allison Transmission Price Performance

NYSE ALSN opened at $118.83 on Friday. 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 market cap of $10.29 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 52 week low of $60.26 and a 52 week high of $122.53. The firm’s 50-day simple moving average is $114.16 and its two-hundred day simple moving average is $101.54.

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. Research analysts predict that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission’s payout ratio is currently 12.18%.

Insider Activity

In other news, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.73, for a total transaction of $235,460.00. Following the sale, 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. Over the last three months, insiders sold 22,639 shares of company stock worth $2,683,537. 1.10% of the stock is owned by corporate 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.