Wellington Management Group LLP Has $1.59 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Wellington Management Group LLP lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 24.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,585 shares of the auto parts company’s stock after acquiring an additional 3,262 shares during the quarter. Wellington Management Group LLP’s holdings in Allison Transmission were worth $1,593,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP grew its position in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares during the period. Venturi Wealth Management LLC grew its holdings in Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 162 shares during the period. Capital Performance Advisors LLP acquired a new position in Allison Transmission during the third quarter worth approximately $82,000. Fifth Third Bancorp raised its stake in Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after buying an additional 506 shares during the period. Finally, Covestor Ltd lifted its position in shares of Allison Transmission by 35.1% in the third quarter. Covestor Ltd now owns 936 shares of the auto parts company’s stock valued at $90,000 after buying an additional 243 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ALSN shares. Morgan Stanley increased their price target on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday. Citigroup increased their price objective on shares of Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Oppenheimer lifted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Bank of America boosted their price objective on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $102.63.

Allison Transmission Stock Performance

NYSE ALSN opened at $106.85 on Thursday. The firm has a 50-day moving average price of $111.01 and a two-hundred day moving average price of $93.58. Allison Transmission Holdings, Inc. has a 12-month low of $55.19 and a 12-month high of $122.53. The company has a market capitalization of $9.26 billion, a P/E ratio of 13.01, a P/E/G ratio of 2.03 and a beta of 0.98. 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 (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the previous year, the company posted $1.76 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Monday, November 18th. Allison Transmission’s payout ratio is currently 12.18%.

Insider Buying and Selling

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at $912,095. This represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Graziosi sold 11,590 shares of Allison Transmission stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,165,413.52. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,380 shares of company stock worth $2,830,837. Company 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.