Janus Henderson Group PLC Buys 11,931 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Janus Henderson Group PLC increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 19.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,648 shares of the auto parts company’s stock after purchasing an additional 11,931 shares during the quarter. Janus Henderson Group PLC owned approximately 0.09% of Allison Transmission worth $7,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ALSN. Triad Wealth Partners LLC acquired a new position in Allison Transmission during the 2nd quarter worth approximately $33,000. Fifth Third Bancorp increased its position in 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 acquiring an additional 506 shares during the period. Venturi Wealth Management LLC increased its position in Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 162 shares during the period. Capital Performance Advisors LLP acquired a new position in Allison Transmission in the 3rd quarter valued at approximately $82,000. Finally, Covestor Ltd increased its position in Allison Transmission by 35.1% in the 3rd quarter. Covestor Ltd now owns 936 shares of the auto parts company’s stock valued at $90,000 after acquiring an additional 243 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Oppenheimer upped their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup upped their price objective on shares of Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday. Bank of America upped their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird upped their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $94.88.

Allison Transmission Stock Down 3.0 %

Shares of NYSE ALSN opened at $113.84 on Tuesday. The firm has a market cap of $9.86 billion, a PE ratio of 13.87, a P/E/G ratio of 2.09 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12-month low of $54.97 and a 12-month high of $122.53. The company’s fifty day simple moving average is $108.86 and its 200 day simple moving average is $91.83. 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 released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $790.08 million. During the same period last year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is 12.18%.

Insider Buying and Selling at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at $912,095. This represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the 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 sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,165,413.52. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,380 shares of company stock valued at $2,830,837. Corporate insiders own 0.93% of the company’s stock.

Allison Transmission 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.