Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 34.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 914,918 shares of the auto parts company’s stock after buying an additional 233,214 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Allison Transmission were worth $87,896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in Allison Transmission by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,486 shares of the auto parts company’s stock worth $3,936,000 after acquiring an additional 2,326 shares during the period. Janus Henderson Group PLC grew its stake in shares of Allison Transmission by 25.3% during the 1st quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company’s stock worth $4,627,000 after purchasing an additional 11,495 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Allison Transmission by 11.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,661 shares of the auto parts company’s stock valued at $378,000 after purchasing an additional 472 shares during the period. Burney Co. boosted its holdings in Allison Transmission by 34.7% during the first quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock worth $32,119,000 after buying an additional 101,920 shares in the last quarter. Finally, Cetera Advisors LLC grew its position in Allison Transmission by 10.1% during the first quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company’s stock worth $362,000 after buying an additional 408 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $118.52 on Thursday. The company has a 50-day simple moving average of $105.08 and a 200-day simple moving average of $89.37. 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 company has a market cap of $10.27 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12 month low of $53.09 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping 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 firm had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the previous year, the company earned $1.76 EPS. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.84%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the transaction, the senior vice president now owns 8,420 shares in the company, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,067 shares of company stock valued at $1,239,319. Insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ALSN shares. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Robert W. Baird boosted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. 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 report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Finally, Citigroup raised 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus 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.