AlphaQuest LLC Has $3.37 Million Stock Position in Allison Transmission Holdings, Inc. $ALSN

AlphaQuest LLC grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 187.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 39,662 shares of the auto parts company’s stock after acquiring an additional 25,878 shares during the period. AlphaQuest LLC’s holdings in Allison Transmission were worth $3,367,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC grew its position in Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after acquiring an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after purchasing an additional 11,542 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Allison Transmission by 38.7% during the second quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock valued at $81,000 after purchasing an additional 238 shares in the last quarter. Lecap Asset Management Ltd. boosted its stake in shares of Allison Transmission by 292.0% during the second quarter. Lecap Asset Management Ltd. now owns 12,572 shares of the auto parts company’s stock valued at $1,194,000 after purchasing an additional 9,365 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Allison Transmission by 4.1% during the second quarter. QRG Capital Management Inc. now owns 4,734 shares of the auto parts company’s stock worth $450,000 after purchasing an additional 187 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares in the company, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ALSN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Allison Transmission in a report on Wednesday, January 21st. Morgan Stanley upped their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Citigroup boosted their price objective on shares of Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company increased their price objective on Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average price target of $102.00.

Allison Transmission Price Performance

Shares of ALSN opened at $111.45 on Friday. The firm has a market cap of $9.28 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $119.64. The business’s 50 day moving average price is $99.93 and its two-hundred day moving average price is $90.68. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $779.97 million. During the same period last year, the business earned $2.27 EPS. The business’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were issued 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 dividend payout ratio (DPR) is presently 13.24%.

Allison Transmission 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.