Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,734 shares of the auto parts company’s stock after selling 146 shares during the period. Allison Transmission makes up approximately 1.4% of Tealwood Asset Management Inc.’s investment portfolio, making the stock its 11th largest holding. Tealwood Asset Management Inc.’s holdings in Allison Transmission were worth $3,321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. City State Bank acquired a new stake in shares of Allison Transmission in the 4th quarter worth approximately $76,000. Wealth Enhancement Advisory Services LLC grew its stake in Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock worth $1,661,000 after acquiring an additional 100 shares during the period. CWA Asset Management Group LLC grew its position in shares of Allison Transmission by 20.7% in the fourth quarter. CWA Asset Management Group LLC now owns 11,893 shares of the auto parts company’s stock valued at $1,285,000 after purchasing an additional 2,038 shares during the period. GAMMA Investing LLC increased its stake in shares of Allison Transmission by 36.7% during the 4th quarter. GAMMA Investing LLC now owns 1,412 shares of the auto parts company’s stock valued at $153,000 after acquiring an additional 379 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Allison Transmission by 30.4% during the fourth quarter. Versant Capital Management Inc now owns 1,076 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 251 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALSN has been the subject of several research analyst reports. Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Citigroup lifted their target price on Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Finally, Robert W. Baird boosted their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.63.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 11,590 shares of the company’s stock in a transaction on Friday, November 29th. The stock was 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 directly owns 168,833 shares in the company, valued at $20,165,413.52. This represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at $695,928. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,639 shares of company stock worth $2,683,537. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Up 3.0 %

Shares of ALSN opened at $112.18 on Tuesday. Allison Transmission Holdings, Inc. has a 12 month low of $55.81 and a 12 month high of $122.53. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $113.91 and a two-hundred day moving average price of $98.13. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 2.03 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The company 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 prior year, the business earned $1.76 earnings per share. Equities analysts predict that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.89%. Allison Transmission’s dividend payout ratio (DPR) is 12.18%.

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.