Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 57.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 6,898 shares of the auto parts company’s stock after selling 9,215 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Allison Transmission were worth $663,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in Allison Transmission by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock valued at $267,359,000 after purchasing an additional 39,700 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Allison Transmission by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after buying an additional 41,168 shares during the last quarter. Federated Hermes Inc. raised its position in Allison Transmission by 5.9% during the second quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock valued at $68,793,000 after acquiring an additional 50,625 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Allison Transmission by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock valued at $51,903,000 after acquiring an additional 77,649 shares during the period. Finally, Copeland Capital Management LLC boosted its position in Allison Transmission by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock worth $61,120,000 after purchasing an additional 5,489 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price 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. Citigroup increased their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the stock 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, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.25.

Allison Transmission Trading Down 1.3 %

Shares of ALSN stock opened at $116.11 on Friday. Allison Transmission Holdings, Inc. has a fifty-two week low of $52.83 and a fifty-two week high of $121.36. The firm has a market capitalization of $10.06 billion, a P/E ratio of 14.14, a PEG ratio of 2.12 and a beta of 0.98. The stock’s fifty day moving average is $99.58 and its two-hundred day moving average is $86.61. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. Research analysts expect that Allison Transmission Holdings, Inc. will post 8.2 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. Allison Transmission’s payout ratio is 12.18%.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 13.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,741 shares of company stock valued at $546,060. Insiders own 1.10% of the company’s stock.

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.