Unigestion Holding SA lowered its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 5.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,450 shares of the auto parts company’s stock after selling 6,050 shares during the quarter. Unigestion Holding SA owned approximately 0.07% of Allison Transmission worth $5,016,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Townsend & Associates Inc acquired a new position in Allison Transmission during the 2nd quarter worth $111,000. Sun Life Financial INC acquired a new position in Allison Transmission during the 2nd quarter worth $115,000. Moneta Group Investment Advisors LLC boosted its position in Allison Transmission by 96.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock worth $166,000 after acquiring an additional 2,010 shares during the period. Sigma Planning Corp acquired a new position in Allison Transmission during the 2nd quarter worth $232,000. Finally, Murphy Capital Management Inc. acquired a new position in Allison Transmission during the 2nd quarter worth $249,000.
A number of research analysts have issued reports on the company. Mizuho set a $55.00 price target on Allison Transmission and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, August 1st. Bank of America boosted their price target on Allison Transmission from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 31st. Oppenheimer set a $50.00 price target on Allison Transmission and gave the stock a “buy” rating in a research report on Monday, October 29th. Finally, ValuEngine lowered Allison Transmission from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Allison Transmission currently has an average rating of “Hold” and a consensus target price of $47.82.
Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, October 29th. The auto parts company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.17. Allison Transmission had a return on equity of 90.71% and a net margin of 26.64%. The company had revenue of $692.00 million for the quarter, compared to the consensus estimate of $656.52 million. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, research analysts forecast that Allison Transmission Holdings Inc will post 4.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 19th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, November 16th. Allison Transmission’s dividend payout ratio is presently 22.56%.
In other news, Director Lawrence E. Dewey sold 262,795 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $51.61, for a total value of $13,562,849.95. Following the sale, the director now owns 479,870 shares of the company’s stock, valued at approximately $24,766,090.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence E. Dewey sold 111,459 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $51.77, for a total value of $5,770,232.43. Following the completion of the sale, the director now directly owns 400,133 shares in the company, valued at approximately $20,714,885.41. The disclosure for this sale can be found here. Insiders sold a total of 388,664 shares of company stock worth $20,046,606 in the last three months. Company insiders own 8.40% of the company’s stock.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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