Commerce Bank Has $752,000 Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Commerce Bank grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.8% in the third quarter, HoldingsChannel.com reports. The fund owned 7,826 shares of the auto parts company’s stock after buying an additional 215 shares during the period. Commerce Bank’s holdings in Allison Transmission were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in Allison Transmission by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock valued at $267,359,000 after purchasing an additional 39,700 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Allison Transmission by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after buying an additional 41,168 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Allison Transmission by 5.9% during the 2nd quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock worth $68,793,000 after acquiring an additional 50,625 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Allison Transmission by 12.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock worth $51,903,000 after acquiring an additional 77,649 shares during the last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of Allison Transmission by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock worth $61,120,000 after acquiring an additional 5,489 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the business’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 transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,741 shares of company stock valued at $781,520 in the last ninety days. 0.93% of the stock is currently owned by company insiders.

Allison Transmission Stock Down 0.4 %

NYSE ALSN opened at $119.20 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.13 and a beta of 0.98. The company has a 50 day moving average of $103.23 and a 200-day moving average of $88.56. Allison Transmission Holdings, Inc. has a 1-year low of $53.09 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The firm had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. 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 firm earned $1.76 EPS. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on ALSN. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Robert W. Baird upped their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Citigroup increased their target price on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $94.25.

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.