Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP increased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 88.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,468 shares of the auto parts company’s stock after acquiring an additional 42,574 shares during the period. Artemis Investment Management LLP owned approximately 0.10% of Allison Transmission worth $9,776,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its holdings 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 worth $1,224,479,000 after acquiring an additional 2,493,310 shares during the period. Geode Capital Management LLC boosted its position in Allison Transmission by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after purchasing an additional 79,506 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Allison Transmission by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after purchasing an additional 41,168 shares during the last quarter. State Street Corp grew its holdings in Allison Transmission by 0.8% in the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock valued at $161,597,000 after purchasing an additional 13,252 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Allison Transmission by 34.2% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALSN. Robert W. Baird increased their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Oppenheimer upped their target price on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup dropped their price target on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Bank of America upped their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and an average target price of $101.38.

Allison Transmission Stock Performance

Allison Transmission stock opened at $119.47 on Monday. The stock has a fifty day moving average price of $114.02 and a 200 day moving average price of $99.31. 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 52 week low of $55.81 and a 52 week high of $122.53. The firm has a market capitalization of $10.35 billion, a P/E ratio of 14.55, a PEG ratio of 1.73 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last announced 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 for the quarter, compared to analyst estimates of $790.08 million. During the same period in the prior year, the firm posted $1.76 EPS. The company’s revenue was up 12.0% on a year-over-year basis. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.26 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently declared 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 0.84%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insiders Place Their Bets

In other news, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. This trade represents a 3.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Coll sold 2,000 shares of the company’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 sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock worth $2,683,537 over the last three months. 0.93% of the stock is 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.