Pacer Advisors Inc. Decreases Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Pacer Advisors Inc. cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 15.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,682,734 shares of the auto parts company’s stock after selling 311,238 shares during the period. Pacer Advisors Inc.’s holdings in Allison Transmission were worth $161,660,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC bought a new stake in shares of Allison Transmission during the 3rd quarter valued at $439,000. Advisors Asset Management Inc. grew its position in shares of Allison Transmission by 180.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,905 shares of the auto parts company’s stock valued at $183,000 after acquiring an additional 1,226 shares during the period. Jennison Associates LLC bought a new position in Allison Transmission in the 3rd quarter worth $52,156,000. Commerce Bank boosted its holdings in Allison Transmission by 2.8% in the 3rd quarter. Commerce Bank now owns 7,826 shares of the auto parts company’s stock worth $752,000 after buying an additional 215 shares during the period. Finally, Caprock Group LLC bought a new position in Allison Transmission in the 3rd quarter worth $290,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. This represents a 13.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the sale, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,741 shares of company stock worth $781,520. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ALSN has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. The Goldman Sachs Group increased their price objective 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. Robert W. Baird upped their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer upped their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Citigroup upped their target price on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $94.25.

Allison Transmission Stock Performance

Allison Transmission stock opened at $115.30 on Thursday. The firm has a 50 day simple moving average of $101.95 and a 200-day simple moving average of $87.86. Allison Transmission Holdings, Inc. has a 1-year low of $53.00 and a 1-year high of $121.36. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 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 firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same period in the prior year, the business posted $1.76 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.87%. Allison Transmission’s dividend payout ratio is currently 12.18%.

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.