Gabelli Funds LLC reduced its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 15.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,600 shares of the auto parts company’s stock after selling 2,000 shares during the quarter. Gabelli Funds LLC’s holdings in Allison Transmission were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC grew its stake in shares of Allison Transmission by 96.4% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock valued at $166,000 after buying an additional 2,010 shares in the last quarter. Empirical Finance LLC bought a new stake in shares of Allison Transmission in the 3rd quarter valued at approximately $1,570,000. Oakbrook Investments LLC bought a new stake in shares of Allison Transmission in the 3rd quarter valued at approximately $356,000. GSA Capital Partners LLP bought a new stake in shares of Allison Transmission in the 2nd quarter valued at approximately $2,535,000. Finally, Burney Co. grew its stake in shares of Allison Transmission by 77.4% in the 2nd quarter. Burney Co. now owns 146,363 shares of the auto parts company’s stock valued at $5,926,000 after buying an additional 63,842 shares in the last quarter.

Several research firms recently weighed in on ALSN. Macquarie lowered Allison Transmission from a “neutral” rating to an “underperform” rating in a report on Thursday, November 29th. Citigroup cut their price target on Allison Transmission from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, November 2nd. ValuEngine lowered Allison Transmission from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Mizuho set a $55.00 price target on Allison Transmission and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, Buckingham Research set a $50.00 price target on Allison Transmission and gave the stock a “hold” rating in a report on Thursday, October 11th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $47.82.

In other news, Director Lawrence E. Dewey sold 111,459 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $51.77, for a total transaction of $5,770,232.43. Following the sale, the director now owns 400,133 shares in the company, valued at $20,714,885.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric C. Scroggins sold 4,470 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $51.20, for a total value of $228,864.00. Following the sale, the vice president now owns 23,423 shares in the company, valued at approximately $1,199,257.60. The disclosure for this sale can be found here. Insiders sold 378,724 shares of company stock worth $19,561,946 over the last quarter. Company insiders own 8.40% of the company’s stock.

Shares of NYSE ALSN traded down $2.00 during trading hours on Friday, reaching $43.53. The stock had a trading volume of 1,221,784 shares, compared to its average volume of 959,458. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 3.69. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.99 and a beta of 1.41. Allison Transmission Holdings Inc has a twelve month low of $37.41 and a twelve month high of $53.76.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, October 29th. The auto parts company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Allison Transmission had a return on equity of 90.71% and a net margin of 26.64%. The business had revenue of $692.00 million during the quarter, compared to analyst estimates of $656.52 million. During the same period in the prior year, the company posted $0.75 earnings per share. Allison Transmission’s revenue was up 16.3% on a year-over-year basis. On average, research analysts anticipate that Allison Transmission Holdings Inc will post 4.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Monday, November 19th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, November 16th. Allison Transmission’s dividend payout ratio (DPR) is 22.56%.

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Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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