Systematic Financial Management LP Trims Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Systematic Financial Management LP lowered its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,585 shares of the auto parts company’s stock after selling 460 shares during the quarter. Systematic Financial Management LP’s holdings in Allison Transmission were worth $1,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ALSN. Quarry LP increased its position in shares of Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after buying an additional 114 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in shares of Allison Transmission by 3.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock worth $355,000 after acquiring an additional 126 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Allison Transmission by 27.8% in 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 period. Private Advisor Group LLC boosted 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 purchasing an additional 167 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its stake in Allison Transmission by 2.1% in the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock worth $676,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

ALSN stock opened at $117.09 on Friday. The stock’s 50 day simple moving average is $108.08 and its 200 day simple moving average is $91.04. 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 12-month low of $54.22 and a 12-month high of $122.53. The stock has a market capitalization of $10.14 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same period in the prior year, the company posted $1.76 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 annualized dividend and a dividend yield of 0.85%. Allison Transmission’s payout ratio is 12.18%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Bank of America raised their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $94.25.

Insider Activity

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at $912,095. The trade was a 17.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock valued at $2,830,837 over the last three months. Insiders own 1.10% of the company’s stock.

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.