Royce & Associates LP Has $10.68 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Royce & Associates LP cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 111,117 shares of the auto parts company’s stock after selling 5,091 shares during the period. Royce & Associates LP’s holdings in Allison Transmission were worth $10,675,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 336 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in Allison Transmission in the 2nd quarter valued at about $33,000. Venturi Wealth Management LLC grew its position in Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 162 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Allison Transmission during the third quarter valued at about $82,000. Finally, Fifth Third Bancorp increased its holdings in Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ALSN. Bank of America lifted their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Citigroup raised their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $92.25.

Insiders Place Their Bets

In other news, VP Thomas Eifert sold 2,000 shares of the 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 owns 9,601 shares in the company, valued at approximately $912,095. This represents a 17.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 5,741 shares of company stock worth $546,060 over the last quarter. Company insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

ALSN opened at $116.11 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission Holdings, Inc. has a 52-week low of $52.83 and a 52-week high of $121.36. The stock has a market capitalization of $10.06 billion, a P/E ratio of 14.14, a P/E/G ratio of 2.12 and a beta of 0.98. The company’s 50-day simple moving average is $100.17 and its two-hundred day simple moving average is $86.88.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the previous year, the company earned $1.76 EPS. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 8.2 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is 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 is 12.18%.

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.