Allison Transmission Holdings, Inc. (NYSE:ALSN) is Alan B Lancz & Associates Inc.’s 9th Largest Position

Alan B Lancz & Associates Inc. cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,550 shares of the auto parts company’s stock after selling 500 shares during the period. Allison Transmission accounts for about 2.2% of Alan B Lancz & Associates Inc.’s investment portfolio, making the stock its 9th biggest holding. Alan B Lancz & Associates Inc.’s holdings in Allison Transmission were worth $2,359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in Allison Transmission by 20.3% in the first quarter. Private Advisor Group LLC now owns 7,424 shares of the auto parts company’s stock worth $603,000 after purchasing an additional 1,252 shares during the period. Quantbot Technologies LP bought a new position in Allison Transmission during the 1st quarter valued at approximately $206,000. Oppenheimer & Co. Inc. raised its stake in Allison Transmission by 4.9% during the first quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock valued at $447,000 after buying an additional 255 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Allison Transmission during the first quarter valued at $1,120,000. Finally, Sei Investments Co. boosted its holdings in Allison Transmission by 84.3% in the first quarter. Sei Investments Co. now owns 190,399 shares of the auto parts company’s stock worth $15,454,000 after acquiring an additional 87,089 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Up 0.8 %

ALSN opened at $118.96 on Friday. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 2.09 and a beta of 0.98. The firm has a 50 day moving average price of $97.23 and a 200-day moving average price of $85.53. Allison Transmission Holdings, Inc. has a twelve month low of $51.95 and a twelve month high of $119.82. 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 earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 EPS. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 8.2 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.84%. Allison Transmission’s payout ratio is 12.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised their price target on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Oppenheimer upped their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Citigroup upped their price objective on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. 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 given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $92.25.

Insider Buying and Selling at Allison Transmission

In other news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock worth $546,060 in the last three months. 1.10% of the stock is currently owned by company insiders.

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.