Norris Perne & French LLP MI Decreases Holdings in Allison Transmission Holdings, Inc. $ALSN

Norris Perne & French LLP MI trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 256,329 shares of the auto parts company’s stock after selling 42,069 shares during the quarter. Allison Transmission makes up approximately 1.5% of Norris Perne & French LLP MI’s portfolio, making the stock its 24th biggest position. Norris Perne & French LLP MI’s holdings in Allison Transmission were worth $21,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Allison Transmission during the 2nd quarter valued at $28,000. WPG Advisers LLC acquired a new position in Allison Transmission during the 1st quarter valued at about $34,000. Cullen Frost Bankers Inc. raised its stake in Allison Transmission by 3,108.3% in the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after buying an additional 373 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in Allison Transmission in the second quarter valued at about $38,000. Finally, Steph & Co. acquired a new stake in Allison Transmission in the second quarter worth about $41,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ALSN shares. Wells Fargo & Company began coverage on shares of Allison Transmission in a report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price objective on the stock. Citigroup boosted their target price on shares of Allison Transmission from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Finally, Raymond James Financial boosted their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and an average price target of $95.13.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $100.97 on Monday. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $121.81. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The company has a market cap of $8.40 billion, a PE ratio of 12.37 and a beta of 0.99. The company’s 50 day moving average is $88.50 and its 200 day moving average is $88.82.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.32). The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 earnings per share. On average, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 21st. Allison Transmission’s dividend payout ratio is presently 13.24%.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.