Raymond James Trust N.A. Has $455,000 Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Raymond James Trust N.A. reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,736 shares of the auto parts company’s stock after selling 336 shares during the period. Raymond James Trust N.A.’s holdings in Allison Transmission were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Eagle Asset Management Inc. increased its position in Allison Transmission by 33.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 95,083 shares of the auto parts company’s stock worth $9,135,000 after buying an additional 23,802 shares during the period. Charles Schwab Investment Management Inc. increased its position in Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after acquiring an additional 233,214 shares during the period. Integrated Investment Consultants LLC acquired a new stake in Allison Transmission in the 3rd quarter worth about $439,000. Advisors Asset Management Inc. raised its stake in Allison Transmission by 180.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,905 shares of the auto parts company’s stock worth $183,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in Allison Transmission in the 3rd quarter valued at about $52,156,000. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ALSN. 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. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Oppenheimer raised their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. 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 research report on Friday, November 1st. Finally, Robert W. Baird raised their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $94.25.

Allison Transmission Stock Up 0.3 %

ALSN stock opened at $119.57 on Wednesday. The firm has a 50-day moving average price of $104.48 and a 200-day moving average price of $89.16. Allison Transmission Holdings, Inc. has a 12 month low of $53.09 and a 12 month high of $122.53. 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 stock has a market capitalization of $10.36 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 EPS. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS 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. 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 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas Eifert sold 1,741 shares of the firm’s 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 of the company’s stock, valued at $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,741 shares of company stock valued at $781,520 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.