Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,340 shares of the auto parts company’s stock after selling 49,293 shares during the period. Wedge Capital Management L L P NC’s holdings in Allison Transmission were worth $16,894,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ALSN. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission during the 4th quarter worth approximately $31,000. Quarry LP grew its holdings in Allison Transmission by 46.7% during the 3rd 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 last quarter. Wilmington Savings Fund Society FSB purchased a new position in Allison Transmission during the third quarter worth $67,000. City State Bank acquired a new position in shares of Allison Transmission in the fourth quarter worth $76,000. Finally, Venturi Wealth Management LLC lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In related news, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares in the company, valued at $991,286.60. The trade was a 19.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock valued at $2,683,537 in the last ninety days. Insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Bank of America lifted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Finally, Citigroup cut their price objective on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus price target of $101.38.

Allison Transmission Trading Up 1.6 %

Shares of ALSN stock opened at $119.47 on Friday. Allison Transmission Holdings, Inc. has a fifty-two week low of $55.81 and a fifty-two week high of $122.53. The firm’s 50 day moving average price is $114.02 and its two-hundred day moving average price is $98.98. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $790.08 million. During the same period in the prior year, the firm earned $1.76 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 8.26 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a $0.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s dividend payout ratio is currently 12.18%.

About Allison Transmission

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.