Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA lifted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,150 shares of the auto parts company’s stock after purchasing an additional 4,261 shares during the period. Glenmede Trust Co. NA owned approximately 0.11% of Allison Transmission worth $9,333,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ALSN. Versant Capital Management Inc grew its stake in shares of Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in Allison Transmission in the 2nd quarter valued at about $33,000. Fifth Third Bancorp boosted its stake in shares of Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after buying an additional 506 shares during the period. Quent Capital LLC grew its position in shares of Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Allison Transmission by 27.8% during the third 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 during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated Monday, October 7th. The shares were 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 in the company, valued at approximately $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,067 shares of company stock valued at $1,239,319. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALSN. Oppenheimer lifted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Bank of America raised 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. Robert W. Baird lifted their price target 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 increased their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average target price of $94.25.

Allison Transmission Stock Down 0.1 %

Shares of NYSE ALSN opened at $118.50 on Friday. The business has a 50-day moving average price of $106.18 and a 200 day moving average price of $89.87. The stock has a market cap of $10.26 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. 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 52-week low of $53.12 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data 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. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 earnings per share. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 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. Shareholders of record on Monday, November 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s dividend payout ratio is presently 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.