Clark Estates Inc. NY Sells 3,400 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Clark Estates Inc. NY reduced its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,850 shares of the auto parts company’s stock after selling 3,400 shares during the period. Allison Transmission makes up about 0.7% of Clark Estates Inc. NY’s investment portfolio, making the stock its 24th biggest position. Clark Estates Inc. NY’s holdings in Allison Transmission were worth $4,021,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in Allison Transmission by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,486 shares of the auto parts company’s stock valued at $3,936,000 after purchasing an additional 2,326 shares during the period. Janus Henderson Group PLC raised its stake in Allison Transmission by 25.3% during the 1st quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company’s stock worth $4,627,000 after buying an additional 11,495 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Allison Transmission by 11.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,661 shares of the auto parts company’s stock worth $378,000 after acquiring an additional 472 shares in the last quarter. Burney Co. grew its stake in Allison Transmission by 34.7% in the first quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock valued at $32,119,000 after acquiring an additional 101,920 shares during the period. Finally, Cetera Advisors LLC increased its holdings in shares of Allison Transmission by 10.1% in the first quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company’s stock worth $362,000 after acquiring an additional 408 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. This represents a 13.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,741 shares of company stock worth $781,520. Insiders own 0.93% of the company’s stock.

Allison Transmission Trading Up 0.3 %

Shares of NYSE:ALSN opened at $119.57 on Wednesday. The company’s 50-day moving average price is $104.48 and its two-hundred day moving average price is $89.16. Allison Transmission Holdings, Inc. has a one year low of $53.09 and a one year high of $122.53. 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 capitalization of $10.36 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million for 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 quarter in the prior year, the company posted $1.76 earnings per share. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio is presently 12.18%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALSN. The Goldman Sachs Group lifted their price objective 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. upped their price target 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. Citigroup raised their price objective on shares of Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Bank of America lifted their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and an average target price of $94.25.

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.