Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 122.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,837 shares of the auto parts company’s stock after purchasing an additional 52,808 shares during the quarter. Cerity Partners LLC’s holdings in Allison Transmission were worth $9,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALSN. Price T Rowe Associates Inc. MD grew its stake in Allison Transmission by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,486 shares of the auto parts company’s stock worth $3,936,000 after buying an additional 2,326 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Allison Transmission by 25.3% during the first quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company’s stock worth $4,627,000 after acquiring an additional 11,495 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of 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 during the last quarter. Burney Co. increased its holdings in shares of Allison Transmission by 34.7% during 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 in the last quarter. Finally, Cetera Advisors LLC raised its position in shares of Allison Transmission by 10.1% in the 1st quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company’s stock valued at $362,000 after purchasing an additional 408 shares during 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, SVP John Coll sold 2,000 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the 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 transaction, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,741 shares of company stock valued at $781,520. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $119.57 on Wednesday. Allison Transmission Holdings, Inc. has a 52-week low of $53.09 and a 52-week high of $122.53. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The stock has a market cap of $10.36 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. The business has a 50-day simple moving average of $104.48 and a 200-day simple moving average of $89.16.

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 analysts’ consensus estimates of $2.01 by $0.26. The company 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%. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be given a dividend of $0.25 per share. 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 dividend payout ratio is presently 12.18%.

Analyst Ratings Changes

A number of research analysts have issued reports on ALSN shares. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Bank of America raised their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Oppenheimer raised their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, 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 report on Wednesday, October 30th. Two 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $94.25.

Allison Transmission 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.