Franklin Resources Inc. Acquires 79,745 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Franklin Resources Inc. boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 46.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 250,050 shares of the auto parts company’s stock after buying an additional 79,745 shares during the period. Franklin Resources Inc. owned approximately 0.29% of Allison Transmission worth $24,955,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ALSN. Tri Ri Asset Management Corp acquired a new position in shares of Allison Transmission during the 3rd quarter worth about $5,932,000. Wilmington Savings Fund Society FSB bought a new stake in Allison Transmission during the third quarter worth about $67,000. World Investment Advisors LLC acquired a new position in Allison Transmission during the third quarter valued at approximately $29,000. Sanctuary Advisors LLC grew its stake in Allison Transmission by 88.3% in the third quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company’s stock valued at $19,310,000 after purchasing an additional 94,229 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of Allison Transmission by 26.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,380 shares of the auto parts company’s stock worth $325,000 after purchasing an additional 708 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

ALSN has been the subject of several analyst reports. Morgan Stanley raised their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective 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. Bank of America boosted their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, Oppenheimer boosted their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and an average target price of $102.63.

Allison Transmission Stock Up 0.3 %

ALSN stock opened at $107.22 on Friday. The business’s fifty day moving average price is $111.19 and its two-hundred day moving average price is $93.68. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.03 and a beta of 0.98. Allison Transmission Holdings, Inc. has a fifty-two week low of $55.19 and a fifty-two week high of $122.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share 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 business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the previous year, the company earned $1.76 EPS. The business’s revenue was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insider Activity

In other Allison Transmission news, CEO David S. Graziosi sold 11,590 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,165,413.52. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $912,095. This trade represents a 17.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,380 shares of company stock worth $2,830,837. 1.10% of the stock is currently owned by company 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.