Versant Capital Management Inc Increases Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Versant Capital Management Inc lifted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 30.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,076 shares of the auto parts company’s stock after acquiring an additional 251 shares during the period. Versant Capital Management Inc’s holdings in Allison Transmission were worth $116,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in shares of Allison Transmission by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 20,679 shares of the auto parts company’s stock valued at $1,570,000 after buying an additional 813 shares during the last quarter. Natixis Advisors LLC grew its stake in Allison Transmission by 69.3% during the second quarter. Natixis Advisors LLC now owns 127,724 shares of the auto parts company’s stock valued at $9,694,000 after acquiring an additional 52,281 shares in the last quarter. National Bank of Canada FI increased its holdings in Allison Transmission by 1.2% in the 2nd quarter. National Bank of Canada FI now owns 24,607 shares of the auto parts company’s stock valued at $1,840,000 after acquiring an additional 281 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Allison Transmission by 27.0% during the 2nd quarter. Victory Capital Management Inc. now owns 131,280 shares of the auto parts company’s stock valued at $9,964,000 after purchasing an additional 27,916 shares during the last quarter. Finally, Foundry Partners LLC grew its position in shares of Allison Transmission by 5.4% during the second quarter. Foundry Partners LLC now owns 99,821 shares of the auto parts company’s stock valued at $7,576,000 after purchasing an additional 5,158 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 1.7 %

Shares of NYSE ALSN opened at $109.48 on Friday. The company has a market cap of $9.48 billion, a P/E ratio of 13.33, a PEG ratio of 2.03 and a beta of 0.98. The firm has a 50-day simple moving average of $113.27 and a two-hundred day simple moving average of $96.34. Allison Transmission Holdings, Inc. has a 1 year low of $55.47 and a 1 year high of $122.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the previous year, the business earned $1.76 EPS. Allison Transmission’s revenue was up 12.0% compared to the same quarter last year. Research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Announces Dividend

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 yield of 0.91%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s dividend payout ratio is presently 12.18%.

Insider Activity at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares in the company, valued at $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock worth $2,857,637 in the last 90 days. 0.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on ALSN shares. The Goldman Sachs Group increased their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Oppenheimer lifted their price objective 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. Finally, Bank of America upped their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and an average target price of $102.63.

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.