Empowered Funds LLC Has $14.85 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Empowered Funds LLC reduced its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 12.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 154,548 shares of the auto parts company’s stock after selling 21,191 shares during the quarter. Empowered Funds LLC’s holdings in Allison Transmission were worth $14,847,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Venturi Wealth Management LLC raised its stake in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 162 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Allison Transmission by 4.4% during the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock valued at $382,000 after buying an additional 167 shares during the last quarter. Quent Capital LLC lifted its stake 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 valued at $68,000 after buying an additional 172 shares during the period. Miller Howard Investments Inc. NY grew its position in Allison Transmission by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock worth $676,000 after buying an additional 186 shares in the last quarter. Finally, Americana Partners LLC increased its stake in Allison Transmission by 3.9% during the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after acquiring an additional 191 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. This trade represents a 13.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the firm’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 completion of the transaction, the vice president now directly owns 9,601 shares in the company, valued at $960,100. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,741 shares of company stock valued at $546,060. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on ALSN. Oppenheimer raised their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a report on Friday, November 1st. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Citigroup upped their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Two 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 company’s stock. According to MarketBeat, Allison Transmission has an average rating of “Hold” and an average price target of $92.25.

Allison Transmission Stock Up 0.2 %

ALSN opened at $117.86 on Friday. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 2.12 and a beta of 0.98. 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 firm’s 50-day simple moving average is $98.97 and its 200-day simple moving average is $86.39. Allison Transmission Holdings, Inc. has a twelve month low of $52.83 and a twelve month high of $121.36.

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 firm had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the prior year, the firm earned $1.76 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.85%. Allison Transmission’s payout ratio is 12.18%.

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.