209,021 Allison Transmission Holdings, Inc. $ALSN Shares Bought by Norris Perne & French LLP MI

Norris Perne & French LLP MI lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 107.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 404,105 shares of the auto parts company’s stock after buying an additional 209,021 shares during the quarter. Allison Transmission comprises 2.0% of Norris Perne & French LLP MI’s holdings, making the stock its 12th biggest position. Norris Perne & French LLP MI’s holdings in Allison Transmission were worth $45,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ALSN. Signaturefd LLC grew its stake in shares of Allison Transmission by 27.3% in the third quarter. Signaturefd LLC now owns 849 shares of the auto parts company’s stock valued at $96,000 after acquiring an additional 182 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in Allison Transmission in the 3rd quarter worth about $403,000. Sterling Capital Management LLC boosted its holdings in Allison Transmission by 3.7% in the 3rd quarter. Sterling Capital Management LLC now owns 23,849 shares of the auto parts company’s stock valued at $2,701,000 after purchasing an additional 858 shares during the period. Inspire Investing LLC boosted its holdings in Allison Transmission by 187.9% in the 3rd quarter. Inspire Investing LLC now owns 40,462 shares of the auto parts company’s stock valued at $4,583,000 after purchasing an additional 26,408 shares during the period. Finally, Yousif Capital Management LLC acquired a new position in shares of Allison Transmission during the 3rd quarter worth approximately $2,558,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David Graziosi sold 26,708 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the sale, the chief executive officer owned 304,843 shares in the company, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric Scroggins sold 1,050 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider owned 16,604 shares in the company, valued at $2,075,500. This represents a 5.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Trading Down 2.8%

ALSN opened at $106.53 on Friday. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $137.62. The company has a 50-day simple moving average of $119.71 and a 200 day simple moving average of $119.81. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 0.56 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $2.29 EPS. The business’s quarterly revenue was up 92.4% compared to the same quarter last year. Analysts predict that Allison Transmission Holdings, Inc. will post 10.25 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 21st. Allison Transmission’s dividend payout ratio is 18.44%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALSN. Wells Fargo & Company lowered their target price on shares of Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, October 8th. Citigroup upgraded Allison Transmission from a “neutral” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Monday, October 12th. Freedom Broker initiated coverage on Allison Transmission in a research report on Friday, October 2nd. They set a “buy” rating and a $144.00 price target on the stock. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Allison Transmission from $145.00 to $142.00 and set a “neutral” rating on the stock in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.57.

Allison Transmission Profile

Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.

Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.