Bank of Montreal Can Raises Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Bank of Montreal Can increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.3% in the third quarter, Holdings Channel.com reports. The fund owned 79,358 shares of the auto parts company’s stock after purchasing an additional 4,690 shares during the period. Bank of Montreal Can’s holdings in Allison Transmission were worth $7,658,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P grew its stake in Allison Transmission by 252.5% in the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock worth $56,974,000 after purchasing an additional 424,813 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Allison Transmission by 3.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock valued at $355,000 after purchasing an additional 126 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Allison Transmission by 3.9% in the third quarter. Summit Trail Advisors LLC now owns 10,486 shares of the auto parts company’s stock valued at $1,007,000 after acquiring an additional 390 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Allison Transmission by 122.7% during the 3rd quarter. Cerity Partners LLC now owns 95,837 shares of the auto parts company’s stock valued at $9,207,000 after acquiring an additional 52,808 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of Allison Transmission by 4.2% during the 3rd quarter. Citigroup Inc. now owns 43,114 shares of the auto parts company’s stock worth $4,142,000 after purchasing an additional 1,733 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

Shares of ALSN opened at $116.75 on Tuesday. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a twelve month low of $54.06 and a twelve month high of $122.53. The stock has a market capitalization of $10.11 billion, a P/E ratio of 14.22, a P/E/G ratio of 2.11 and a beta of 0.98. The company has a 50 day moving average of $106.68 and a 200-day moving average of $90.37.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm 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 business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $1.76 earnings per share. As a group, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a $0.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insider Activity at Allison Transmission

In related news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Eifert sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at $912,095. This trade represents a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,380 shares of company stock worth $2,830,837 over the last quarter. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ALSN shares. Bank of America upped their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Oppenheimer upped their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Citigroup lifted their price target on Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.