Vest Financial LLC Has $4.41 Million Holdings in Allison Transmission Holdings, Inc. $ALSN

Vest Financial LLC raised its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 26.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,948 shares of the auto parts company’s stock after acquiring an additional 10,815 shares during the period. Vest Financial LLC’s holdings in Allison Transmission were worth $4,409,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in Allison Transmission during the 2nd quarter worth approximately $28,000. Cullen Frost Bankers Inc. increased its position in Allison Transmission by 3,108.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after buying an additional 373 shares during the period. Employees Retirement System of Texas bought a new stake in shares of Allison Transmission in the second quarter valued at about $38,000. True Wealth Design LLC boosted its position in shares of Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 shares during the period. Finally, First Horizon Corp acquired a new position in shares of Allison Transmission in the third quarter valued at about $40,000. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Raymond James Financial lifted their price objective on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Finally, Wells Fargo & Company assumed coverage on Allison Transmission in a research report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $99.25.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. The trade was a 15.16% 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. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Stock Performance

Shares of NYSE:ALSN opened at $111.00 on Thursday. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $121.81. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 13.60 and a beta of 0.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. The company’s 50 day simple moving average is $96.38 and its 200 day simple moving average is $89.98.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business had revenue of $693.00 million during the quarter, compared to analyst estimates of $779.97 million. During the same period in the prior year, the business posted $2.27 EPS. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, November 21st. Allison Transmission’s payout ratio is currently 13.24%.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.