Commerce Bank Has $752,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Commerce Bank grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,826 shares of the auto parts company’s stock after buying an additional 215 shares during the quarter. Commerce Bank’s holdings in Allison Transmission were worth $752,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after buying an additional 336 shares in the last quarter. Triad Wealth Partners LLC bought a new position in Allison Transmission in the second quarter valued at about $33,000. Fifth Third Bancorp increased its position in Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares during the period. Quent Capital LLC increased its position in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 172 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 162 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Activity

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 15.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This represents a 13.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,741 shares of company stock worth $781,520 over the last three months. Corporate insiders own 0.93% of the company’s stock.

Allison Transmission Trading Down 0.4 %

NYSE:ALSN opened at $119.20 on Tuesday. The business’s 50-day simple moving average is $103.23 and its 200-day simple moving average is $88.56. Allison Transmission Holdings, Inc. has a fifty-two week low of $53.09 and a fifty-two week high of $122.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The stock has a market capitalization of $10.33 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the prior year, the company earned $1.76 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, November 18th. Allison Transmission’s dividend payout ratio is 12.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALSN. Robert W. Baird lifted their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Citigroup increased their price target on Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group lifted their price objective on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. increased 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.25.

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.