Blue Trust Inc. Has $405,000 Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Blue Trust Inc. raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,750 shares of the auto parts company’s stock after buying an additional 876 shares during the period. Blue Trust Inc.’s holdings in Allison Transmission were worth $405,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Allison Transmission by 24.3% in the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after acquiring an additional 2,493,310 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Allison Transmission during the third quarter worth $52,156,000. Loomis Sayles & Co. L P increased its stake in shares of Allison Transmission by 252.5% in the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock valued at $56,974,000 after buying an additional 424,813 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after buying an additional 233,214 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Allison Transmission by 86.7% during the 3rd quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company’s stock worth $23,551,000 after buying an additional 113,868 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Bank of America upped their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Finally, Citigroup lowered their price objective on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average target price of $101.38.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,165,413.52. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $2,683,537 over the last 90 days. 1.10% of the stock is owned by company insiders.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $117.56 on Friday. The stock has a 50-day moving average of $114.13 and a 200-day moving average of $101.92. Allison Transmission Holdings, Inc. has a one year low of $60.26 and a one year high of $122.53. The stock has a market cap of $10.18 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same period last year, the business posted $1.76 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a $0.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. Allison Transmission’s payout ratio is 12.18%.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.