Everett Harris & Co. CA Has $7.44 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Everett Harris & Co. CA cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,870 shares of the auto parts company’s stock after selling 6,219 shares during the quarter. Everett Harris & Co. CA owned 0.08% of Allison Transmission worth $7,442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allison Transmission in the fourth quarter valued at $31,000. Quarry LP lifted 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 worth $34,000 after buying an additional 114 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after buying an additional 396 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Allison Transmission during the third quarter valued at $67,000. Finally, City State Bank bought a new position in Allison Transmission in the fourth quarter valued at about $76,000. 96.90% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO David S. Graziosi sold 11,590 shares of Allison Transmission stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,165,413.52. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at $695,928. This represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,639 shares of company stock worth $2,683,537. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Down 1.0 %

ALSN opened at $117.56 on Friday. The stock has a market cap of $10.18 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. 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 1-year low of $60.26 and a 1-year high of $122.53. The stock’s fifty day simple moving average is $114.13 and its 200 day simple moving average is $101.92.

Allison Transmission (NYSE:ALSN) last released 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. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently announced 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 dividend payout ratio is presently 12.18%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALSN. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. The Goldman Sachs Group lifted their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Oppenheimer raised their target price 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. Robert W. Baird boosted their price objective 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. Finally, Citigroup cut their price target on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $101.38.

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.