Algert Global LLC bought a new stake in Allison Transmission Holdings Inc (NYSE:ALSN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,650 shares of the auto parts company’s stock, valued at approximately $1,282,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its position in Allison Transmission by 96.4% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock valued at $166,000 after buying an additional 2,010 shares in the last quarter. Gabelli Funds LLC bought a new position in Allison Transmission in the 2nd quarter valued at about $510,000. Empirical Finance LLC bought a new position in Allison Transmission in the 3rd quarter valued at about $1,570,000. Oakbrook Investments LLC bought a new position in Allison Transmission in the 3rd quarter valued at about $356,000. Finally, GSA Capital Partners LLP bought a new position in Allison Transmission in the 2nd quarter valued at about $2,535,000.
Shares of NYSE ALSN opened at $43.53 on Friday. Allison Transmission Holdings Inc has a twelve month low of $37.41 and a twelve month high of $53.76. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.71 and a quick ratio of 1.33. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 0.98 and a beta of 1.41.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, October 29th. The auto parts company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.17. Allison Transmission had a net margin of 26.64% and a return on equity of 90.71%. The company had revenue of $692.00 million during the quarter, compared to the consensus estimate of $656.52 million. During the same period in the prior year, the company earned $0.75 EPS. Allison Transmission’s revenue was up 16.3% on a year-over-year basis. On average, equities research analysts forecast that Allison Transmission Holdings Inc will post 4.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Monday, November 19th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, November 16th. Allison Transmission’s dividend payout ratio is presently 22.56%.
In other Allison Transmission news, Director Lawrence E. Dewey sold 111,459 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $51.77, for a total transaction of $5,770,232.43. Following the completion of the sale, the director now directly owns 400,133 shares of the company’s stock, valued at $20,714,885.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence E. Dewey sold 262,795 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $51.61, for a total transaction of $13,562,849.95. Following the sale, the director now directly owns 479,870 shares of the company’s stock, valued at $24,766,090.70. The disclosure for this sale can be found here. Insiders have sold 378,724 shares of company stock valued at $19,561,946 over the last ninety days. Insiders own 8.40% of the company’s stock.
ALSN has been the subject of a number of research analyst reports. Mizuho set a $55.00 price target on shares of Allison Transmission and gave the company a “buy” rating in a report on Wednesday, October 31st. Macquarie downgraded shares of Allison Transmission from a “neutral” rating to an “underperform” rating in a report on Thursday, November 29th. Citigroup cut their price target on shares of Allison Transmission from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Oppenheimer set a $50.00 price target on shares of Allison Transmission and gave the company a “buy” rating in a report on Monday, October 29th. Finally, ValuEngine downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Allison Transmission presently has a consensus rating of “Hold” and an average price target of $47.82.
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Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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