Sheaff Brock Investment Advisors LLC Cuts Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sheaff Brock Investment Advisors LLC lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 100,472 shares of the auto parts company’s stock after selling 1,882 shares during the period. Allison Transmission comprises 0.8% of Sheaff Brock Investment Advisors LLC’s holdings, making the stock its 25th biggest position. Sheaff Brock Investment Advisors LLC owned 0.12% of Allison Transmission worth $9,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 336 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Allison Transmission during the second quarter valued at about $33,000. Fifth Third Bancorp boosted its stake in Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of 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 during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Down 0.1 %

Allison Transmission stock opened at $117.50 on Friday. Allison Transmission Holdings, Inc. has a 12 month low of $52.83 and a 12 month high of $121.36. The stock has a market capitalization of $10.18 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The business has a 50 day simple moving average of $98.97 and a 200-day simple moving average of $86.39.

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 the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the prior year, the business earned $1.76 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 8.2 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ALSN shares. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Robert W. Baird increased their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Citigroup boosted their price objective on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $92.25.

Insider Buying and Selling

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at $960,100. This represents a 15.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. This trade represents a 13.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,741 shares of company stock valued at $546,060. 1.10% of the stock is currently owned by 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.