Janney Montgomery Scott LLC Trims Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Janney Montgomery Scott LLC reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,562 shares of the auto parts company’s stock after selling 1,852 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Allison Transmission worth $6,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ALSN. Versant Capital Management Inc raised its position in shares of Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of Allison Transmission in the 2nd quarter valued at $33,000. Fifth Third Bancorp grew its holdings in shares of Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares during the period. Quent Capital LLC increased its position in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 172 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Allison Transmission by 307.2% in the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock valued at $78,000 after buying an additional 728 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Up 0.8 %

NYSE:ALSN opened at $118.96 on Friday. The stock has a fifty day moving average price of $97.23 and a 200 day moving average price of $85.49. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 12-month low of $51.95 and a 12-month high of $119.82. The firm has a market cap of $10.30 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. During the same period last year, the firm earned $1.76 earnings per share. Allison Transmission’s quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 8.25 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction 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 owns 12,420 shares in the company, valued at $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at $960,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 in the last ninety days. 0.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Bank of America lifted their target price 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 upped their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup lifted their price objective on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird increased their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $92.25.

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.