Foyston Gordon & Payne Inc Sells 72,651 Shares of Allison Transmission Holdings, Inc. $ALSN

Foyston Gordon & Payne Inc trimmed its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 65.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,954 shares of the auto parts company’s stock after selling 72,651 shares during the period. Foyston Gordon & Payne Inc’s holdings in Allison Transmission were worth $3,222,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Rossby Financial LCC raised its stake in Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after buying an additional 153 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Allison Transmission during the 2nd quarter worth approximately $38,000. True Wealth Design LLC grew its holdings in shares of Allison Transmission by 93.2% during the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 218 shares during the period. First Horizon Corp bought a new position in shares of Allison Transmission in the 3rd quarter worth approximately $40,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Allison Transmission by 4,716.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 566 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ALSN shares. Wells Fargo & Company upped their price target on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Morgan Stanley lifted their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Raymond James Financial boosted their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $111.11.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $125.41 on Friday. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $126.31. The firm’s 50-day moving average is $109.89 and its 200 day moving average is $94.92. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.82 and a beta of 0.97. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 3.06.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 9th. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio (DPR) is presently 14.73%.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was 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 of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Allison Transmission Profile

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.