TD Private Client Wealth LLC Boosts Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

TD Private Client Wealth LLC increased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 26.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,380 shares of the auto parts company’s stock after purchasing an additional 708 shares during the quarter. TD Private Client Wealth LLC’s holdings in Allison Transmission were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Allison Transmission by 25.3% during the second quarter. Blue Trust Inc. now owns 1,873 shares of the auto parts company’s stock worth $152,000 after acquiring an additional 378 shares in the last quarter. Raymond James & Associates boosted its position in shares of Allison Transmission by 9.9% in the 2nd quarter. Raymond James & Associates now owns 187,422 shares of the auto parts company’s stock worth $14,225,000 after purchasing an additional 16,893 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Allison Transmission by 36,851.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,866 shares of the auto parts company’s stock worth $1,963,000 after buying an additional 25,796 shares during the last quarter. Fifth Third Bancorp increased its position in Allison Transmission by 139.8% during the 2nd 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 in the last quarter. Finally, Raymond James Trust N.A. raised its stake in Allison Transmission by 4.1% during the second quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after buying an additional 200 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

NYSE ALSN opened at $116.51 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission Holdings, Inc. has a 1-year low of $55.19 and a 1-year high of $122.53. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 2.03 and a beta of 0.98. The business’s fifty day moving average price is $110.27 and its 200-day moving average price is $92.83.

Allison Transmission (NYSE:ALSN) last announced its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $790.08 million. During the same period last year, the firm posted $1.76 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.73, for a total transaction of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Graziosi sold 11,590 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was 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 of the company’s stock, valued at $20,165,413.52. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,380 shares of company stock worth $2,830,837. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Bank of America raised their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday. Finally, Oppenheimer lifted their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average price target of $96.38.

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.