Verition Fund Management LLC Has $658,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Verition Fund Management LLC trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,845 shares of the auto parts company’s stock after selling 100 shares during the period. Verition Fund Management LLC’s holdings in Allison Transmission were worth $658,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ALSN. FMR LLC boosted its position in Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after purchasing an additional 2,493,310 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Allison Transmission in the third quarter valued at $52,156,000. Loomis Sayles & Co. L P increased its holdings in Allison Transmission by 252.5% during the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock worth $56,974,000 after buying an additional 424,813 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 acquiring an additional 233,214 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in Allison Transmission by 257.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after acquiring an additional 230,152 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

ALSN opened at $113.96 on Wednesday. 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 capitalization of $9.87 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98. The business has a fifty day simple moving average of $109.19 and a 200 day simple moving average of $92.10. Allison Transmission Holdings, Inc. has a 1 year low of $54.97 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating 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 business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same period in the prior year, the company posted $1.76 earnings per share. Allison Transmission’s revenue was up 12.0% compared to the same quarter last year. Research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.18%.

Wall Street Analyst Weigh In

ALSN has been the topic of several recent analyst reports. Citigroup boosted their price objective on shares of Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday. The Goldman Sachs Group upped their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, November 1st. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Bank of America increased 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. Finally, Robert W. Baird lifted their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $94.88.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the completion of the sale, the senior vice president now owns 8,420 shares of the company’s stock, valued at $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction dated 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 directly owns 168,833 shares in the company, valued at approximately $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. Insiders have sold 24,380 shares of company stock valued at $2,830,837 over the last 90 days. 0.93% of the stock is owned by corporate insiders.

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.