Tealwood Asset Management Inc. Cuts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Tealwood Asset Management Inc. decreased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,734 shares of the auto parts company’s stock after selling 146 shares during the period. Allison Transmission accounts for 1.4% of Tealwood Asset Management Inc.’s holdings, making the stock its 11th biggest position. Tealwood Asset Management Inc.’s holdings in Allison Transmission were worth $3,321,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALSN. FMR LLC raised its position in shares of Allison Transmission by 24.3% in the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after purchasing an additional 2,493,310 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Allison Transmission in the third quarter worth $52,156,000. Loomis Sayles & Co. L P lifted its stake in shares of Allison Transmission by 252.5% during the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock worth $56,974,000 after buying an additional 424,813 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after buying an additional 233,214 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Allison Transmission by 86.7% during the third quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company’s stock valued at $23,551,000 after buying an additional 113,868 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $112.18 on Tuesday. Allison Transmission Holdings, Inc. has a one year low of $55.81 and a one year high of $122.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The business’s 50 day moving average price is $113.91 and its 200 day moving average price is $98.13. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.03 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data 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 net margin of 22.66% and a return on equity of 51.13%. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same period in the previous year, the firm earned $1.76 EPS. Allison Transmission’s revenue was up 12.0% on a year-over-year basis. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued 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 0.89%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insider Activity

In other news, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction dated 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 owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,639 shares of company stock worth $2,683,537. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group lifted their price objective 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. Morgan Stanley boosted 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 report on Tuesday, December 17th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus price target of $102.63.

Allison Transmission 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.