Vest Financial LLC Has $4.41 Million Stake in Allison Transmission Holdings, Inc. $ALSN

Vest Financial LLC grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 26.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,948 shares of the auto parts company’s stock after acquiring an additional 10,815 shares during the quarter. Vest Financial LLC owned 0.06% of Allison Transmission worth $4,409,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Jane Street Group LLC increased its stake in Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after purchasing an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after buying an additional 11,542 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Allison Transmission by 64.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,718 shares of the auto parts company’s stock worth $2,519,000 after acquiring an additional 10,075 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Allison Transmission during the second quarter worth $4,484,000. Finally, Farther Finance Advisors LLC lifted its position in Allison Transmission by 24.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,417 shares of the auto parts company’s stock valued at $420,000 after acquiring an additional 881 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares in the company, valued at $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Citigroup increased their price objective on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Raymond James Financial lifted their target price on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. Wells Fargo & Company began coverage on Allison Transmission in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 target price on the stock. Finally, Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $99.25.

Allison Transmission Trading Up 1.5%

Shares of NYSE:ALSN opened at $111.00 on Thursday. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $121.81. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82. The company has a market capitalization of $9.24 billion, a P/E ratio of 13.60 and a beta of 0.98. The company has a 50-day simple moving average of $96.38 and a 200 day simple moving average of $89.98.

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

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 21st. Allison Transmission’s payout ratio is 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.