Wealth Enhancement Advisory Services LLC Purchases 100 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 15,370 shares of the auto parts company’s stock after acquiring an additional 100 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Allison Transmission were worth $1,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALSN. CWA Asset Management Group LLC boosted its position in shares of Allison Transmission by 20.7% in the 4th quarter. CWA Asset Management Group LLC now owns 11,893 shares of the auto parts company’s stock worth $1,285,000 after purchasing an additional 2,038 shares in the last quarter. GAMMA Investing LLC raised its stake in Allison Transmission by 36.7% during the fourth quarter. GAMMA Investing LLC now owns 1,412 shares of the auto parts company’s stock valued at $153,000 after buying an additional 379 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Allison Transmission by 30.4% in the fourth quarter. Versant Capital Management Inc now owns 1,076 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 251 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Allison Transmission by 46.8% in the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after acquiring an additional 79,745 shares in the last quarter. Finally, Tri Ri Asset Management Corp purchased a new stake in shares of Allison Transmission in the third quarter worth $5,932,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Trading Up 0.2 %

NYSE:ALSN opened at $116.26 on Thursday. Allison Transmission Holdings, Inc. has a one year low of $55.81 and a one year high of $122.53. The business has a fifty day moving average price of $114.02 and a 200-day moving average price of $98.54. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 2.03 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 issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business 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 business posted $1.76 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

Insider Buying and Selling at Allison Transmission

In related news, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred 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 in the company, valued at $991,286.60. This trade represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock valued at $2,683,537 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ALSN shares. Citigroup decreased their target price on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Bank of America increased their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.38.

Allison Transmission Company Profile

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.