JPMorgan Chase & Co. Sells 28,537 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

JPMorgan Chase & Co. lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 366,840 shares of the auto parts company’s stock after selling 28,537 shares during the quarter. JPMorgan Chase & Co.’s holdings in Allison Transmission were worth $35,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ALSN. World Investment Advisors LLC bought a new stake in Allison Transmission in the third quarter valued at approximately $29,000. Quarry LP increased its stake in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after buying an additional 114 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Allison Transmission during the 3rd quarter valued at $67,000. Venturi Wealth Management LLC boosted its position in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after buying an additional 162 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Allison Transmission in the 3rd quarter worth $82,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

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 Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock valued at $2,683,537 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Stock Performance

Shares of ALSN opened at $109.65 on Tuesday. Allison Transmission Holdings, Inc. has a 52 week low of $55.81 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 $9.50 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 2.03 and a beta of 1.00. The business has a 50-day simple moving average of $113.27 and a two-hundred day simple moving average of $96.63.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $824.00 million for 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 business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. On average, analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.91%. Allison Transmission’s payout ratio is 12.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALSN. Morgan Stanley upped their target price on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Citigroup lifted their target price on shares of Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their price target 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. Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer increased their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $102.63.

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.