SG Americas Securities LLC Purchases 15,059 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

SG Americas Securities LLC lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 776.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,999 shares of the auto parts company’s stock after purchasing an additional 15,059 shares during the period. SG Americas Securities LLC’s holdings in Allison Transmission were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after purchasing an additional 2,493,310 shares during the period. Geode Capital Management LLC grew its position in Allison Transmission by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after buying an additional 79,506 shares in the last quarter. State Street Corp grew its position in Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after buying an additional 233,214 shares in the last quarter. Finally, Copeland Capital Management LLC grew its position in Allison Transmission by 0.9% during the third quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock worth $61,120,000 after buying an additional 5,489 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Down 0.7 %

Shares of NYSE:ALSN opened at $119.54 on Monday. The firm has a market cap of $10.35 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.90 and a beta of 1.00. 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 Holdings, Inc. has a 12-month low of $58.77 and a 12-month high of $122.53. The business has a fifty day simple moving average of $114.19 and a 200 day simple moving average of $100.90.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $790.08 million. During the same period last year, the company earned $1.76 EPS. Allison Transmission’s revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts predict that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed 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 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALSN. Oppenheimer increased their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America increased their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Citigroup reduced their price target on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Finally, Robert W. Baird raised their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.38.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the transaction, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,639 shares of company stock valued at $2,683,537. Corporate insiders own 1.10% of the company’s stock.

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.