Jennison Associates LLC grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,788,436 shares of the auto parts company’s stock after buying an additional 65,743 shares during the period. Jennison Associates LLC owned approximately 1.26% of Allison Transmission Holdings worth $67,120,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. USA Financial Portformulas Corp grew its holdings in shares of Allison Transmission Holdings by 1.7% in the 2nd quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock valued at $764,000 after buying an additional 345 shares during the period. EagleClaw Capital Managment LLC grew its holdings in shares of Allison Transmission Holdings by 5.1% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock valued at $390,000 after buying an additional 500 shares during the period. C M Bidwell & Associates Ltd. grew its holdings in shares of Allison Transmission Holdings by 0.5% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 111,390 shares of the auto parts company’s stock valued at $4,178,000 after buying an additional 565 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Allison Transmission Holdings by 12.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after buying an additional 607 shares during the period. Finally, ETRADE Capital Management LLC grew its holdings in shares of Allison Transmission Holdings by 4.9% in the 2nd quarter. ETRADE Capital Management LLC now owns 30,296 shares of the auto parts company’s stock valued at $1,136,000 after buying an additional 1,410 shares during the period.

In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the sale, the chief financial officer now directly owns 233,387 shares of the company’s stock, valued at approximately $8,688,998.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Randall R. Kirk sold 7,541 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total transaction of $258,430.07. Following the sale, the senior vice president now directly owns 84,494 shares in the company, valued at $2,895,609.38. The disclosure for this sale can be found here. Insiders own 7.90% of the company’s stock.

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) opened at $42.27 on Tuesday. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50. Allison Transmission Holdings, Inc. has a 52-week low of $30.44 and a 52-week high of $45.69. The company has a market cap of $6,138.24, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

Allison Transmission Holdings (NYSE:ALSN) last issued its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.48 by $0.27. Allison Transmission Holdings had a net margin of 16.34% and a return on equity of 45.65%. The firm had revenue of $595.00 million for the quarter, compared to analysts’ expectations of $533.53 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 2.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.60 annualized dividend and a yield of 1.42%. Allison Transmission Holdings’s dividend payout ratio (DPR) is presently 26.55%.

Allison Transmission Holdings announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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ALSN has been the subject of several research analyst reports. Royal Bank Of Canada reissued a “buy” rating on shares of Allison Transmission Holdings in a report on Wednesday, August 2nd. ValuEngine raised shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub raised shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $52.00 target price on shares of Allison Transmission Holdings in a research note on Wednesday, November 1st. Finally, Citigroup Inc. upped their target price on shares of Allison Transmission Holdings from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Allison Transmission Holdings presently has a consensus rating of “Hold” and a consensus price target of $43.40.

Allison Transmission Holdings Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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

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