Navellier & Associates Inc. Has $3.56 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Navellier & Associates Inc. decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 37,066 shares of the auto parts company’s stock after selling 1,936 shares during the quarter. Navellier & Associates Inc.’s holdings in Allison Transmission were worth $3,561,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in shares of Allison Transmission in the first quarter worth approximately $2,956,000. Covestor Ltd lifted its position in Allison Transmission by 307.2% in the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after buying an additional 728 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Allison Transmission during the 1st quarter valued at $353,000. Quadrature Capital Ltd purchased a new position in shares of Allison Transmission during the 1st quarter valued at $1,664,000. Finally, Hyperion Capital Advisors LP acquired a new position in shares of Allison Transmission in the first quarter worth $261,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission 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 transaction, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 15.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 13.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,741 shares of company stock valued at $781,520. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ALSN shares. Citigroup raised their price target on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group upped their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $94.25.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $115.30 on Thursday. The firm has a fifty day moving average price of $101.95 and a two-hundred day moving average price of $87.86. Allison Transmission Holdings, Inc. has a fifty-two week low of $53.00 and a fifty-two week 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 company has a market cap of $9.99 billion, a PE 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 earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS 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 return on equity of 51.13% and a net margin of 22.66%. Allison Transmission’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.76 earnings per share. Analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

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