Everett Harris & Co. CA Decreases Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Everett Harris & Co. CA trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 68,870 shares of the auto parts company’s stock after selling 6,219 shares during the quarter. Everett Harris & Co. CA’s holdings in Allison Transmission were worth $7,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in Allison Transmission by 15.5% in the 2nd quarter. Millennium Management LLC now owns 55,122 shares of the auto parts company’s stock valued at $4,184,000 after purchasing an additional 7,387 shares during the period. The Manufacturers Life Insurance Company grew its position in Allison Transmission by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 28,612 shares of the auto parts company’s stock worth $2,172,000 after buying an additional 1,093 shares in the last quarter. Creative Planning increased its stake in Allison Transmission by 5.1% in the 2nd quarter. Creative Planning now owns 4,781 shares of the auto parts company’s stock worth $363,000 after acquiring an additional 230 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Allison Transmission in the 2nd quarter valued at about $7,953,000. Finally, SG Americas Securities LLC purchased a new position in shares of Allison Transmission during the third quarter worth about $186,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

ALSN stock opened at $117.56 on Friday. 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 $60.26 and a 12 month high of $122.53. The stock has a market cap of $10.18 billion, a PE ratio of 14.32, a P/E/G ratio of 1.84 and a beta of 1.00. The company has a 50-day moving average price of $114.13 and a 200 day moving average price of $101.92.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same period in the previous year, the firm earned $1.76 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ALSN shares. Citigroup lowered their target price on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. 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. Robert W. Baird increased their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. 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 given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.38.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,639 shares of company stock valued at $2,683,537. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Company 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.