Custom Index Systems LLC Sells 449 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Custom Index Systems LLC reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,437 shares of the auto parts company’s stock after selling 449 shares during the period. Custom Index Systems LLC’s holdings in Allison Transmission were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC lifted its stake in Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock worth $24,245,000 after purchasing an additional 230,152 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Allison Transmission by 108.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock worth $21,046,000 after buying an additional 135,194 shares in the last quarter. Carlson Capital L P bought a new stake in Allison Transmission during the first quarter valued at $9,561,000. Sanctuary Advisors LLC purchased a new position in Allison Transmission during the second quarter worth about $7,953,000. Finally, Burney Co. increased its stake in Allison Transmission by 34.7% in the 1st quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock worth $32,119,000 after acquiring an additional 101,920 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALSN has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Robert W. Baird lifted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Citigroup increased their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $86.86.

Insider Buying and Selling at Allison Transmission

In other news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction on Monday, October 7th. The shares were 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 owns 9,601 shares of the company’s stock, valued at $960,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,129,971.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is currently owned by insiders.

Allison Transmission Trading Down 0.9 %

Shares of ALSN stock traded down $0.90 on Friday, hitting $98.49. 340,003 shares of the company’s stock traded hands, compared to its average volume of 615,179. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.78 and a beta of 0.99. The company’s fifty day simple moving average is $93.24 and its 200 day simple moving average is $83.50. Allison Transmission Holdings, Inc. has a one year low of $50.13 and a one year high of $101.40. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. During the same period last year, the firm earned $1.92 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

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.