Geode Capital Management LLC Buys 79,506 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Geode Capital Management LLC increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,961,834 shares of the auto parts company’s stock after purchasing an additional 79,506 shares during the quarter. Geode Capital Management LLC owned about 2.26% of Allison Transmission worth $188,511,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its holdings in 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 period. Jennison Associates LLC purchased a new stake in shares of Allison Transmission in the third quarter worth $52,156,000. Loomis Sayles & Co. L P boosted its stake in 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 valued at $56,974,000 after buying an additional 424,813 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock worth $24,245,000 after acquiring an additional 230,152 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $116.51 on Monday. The firm has a market cap of $10.09 billion, a P/E ratio of 14.19, a P/E/G ratio of 2.03 and a beta of 0.98. The firm’s fifty day moving average is $110.27 and its 200 day moving average is $92.83. Allison Transmission Holdings, Inc. has a 52 week low of $55.19 and a 52 week 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.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data 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 analysts’ expectations of $790.08 million. During the same period last year, the firm earned $1.76 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insider Transactions at Allison Transmission

In related 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 transaction, the vice president now owns 9,601 shares in the company, valued at $912,095. The trade was a 17.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,303,856.58. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,380 shares of company stock worth $2,830,837. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALSN shares. Bank of America lifted their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report 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 Tuesday, December 10th. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday. Oppenheimer lifted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned 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 $96.38.

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.