Sawgrass Asset Management LLC Buys New Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sawgrass Asset Management LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 2,193 shares of the auto parts company’s stock, valued at approximately $211,000.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its position in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares during the period. Triad Wealth Partners LLC acquired a new position in Allison Transmission during the 2nd quarter worth $33,000. Venturi Wealth Management LLC increased its holdings 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 worth $71,000 after purchasing an additional 162 shares during the period. Capital Performance Advisors LLP acquired a new stake in Allison Transmission in the 3rd quarter valued at about $82,000. Finally, Fifth Third Bancorp boosted its stake in shares of Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after buying an additional 506 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Down 1.3 %

Allison Transmission stock opened at $116.11 on Monday. The company has a market capitalization of $10.06 billion, a P/E ratio of 14.14, a PEG ratio of 2.07 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. Allison Transmission Holdings, Inc. has a fifty-two week low of $52.83 and a fifty-two week high of $121.36. The stock has a 50-day simple moving average of $100.17 and a 200-day simple moving average of $86.98.

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, 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 company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same period last year, the firm posted $1.76 EPS. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, November 18th. Allison Transmission’s dividend payout ratio is presently 12.18%.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. The trade was a 13.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. This represents a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,741 shares of company stock valued at $546,060. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ALSN shares. Oppenheimer upped their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup raised their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Bank of America boosted their target price 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. Robert W. Baird raised their price target 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 price objective on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $92.25.

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.