Citigroup Inc. Boosts Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Citigroup Inc. boosted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,114 shares of the auto parts company’s stock after buying an additional 1,733 shares during the period. Citigroup Inc.’s holdings in Allison Transmission were worth $4,142,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake 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 buying an additional 162 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Allison Transmission by 4.4% during the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after acquiring an additional 167 shares during the period. Miller Howard Investments Inc. NY increased its holdings in Allison Transmission by 2.1% in the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after buying an additional 186 shares during the last quarter. Americana Partners LLC boosted its stake in Allison Transmission by 3.9% in the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after acquiring an additional 191 shares in the last quarter. Finally, Financial Strategies Group Inc. boosted its stake in Allison Transmission by 6.7% in the third quarter. Financial Strategies Group Inc. now owns 3,139 shares of the auto parts company’s stock valued at $313,000 after acquiring an additional 198 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 11,590 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,165,413.52. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,380 shares of company stock valued at $2,830,837. Insiders own 0.93% of the company’s stock.

Allison Transmission Stock Up 0.2 %

Shares of ALSN opened at $116.98 on Wednesday. The firm has a market cap of $10.13 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. The company’s fifty day moving average is $107.16 and its two-hundred day moving average is $90.66. Allison Transmission Holdings, Inc. has a fifty-two week low of $54.06 and a fifty-two week high of $122.53. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

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, 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 business had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the previous year, the business posted $1.76 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ALSN shares. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday. Citigroup increased their target price on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Oppenheimer increased their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Bank of America raised their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.