SG Americas Securities LLC Purchases New Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

SG Americas Securities LLC acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,940 shares of the auto parts company’s stock, valued at approximately $186,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ALSN. Versant Capital Management Inc boosted its holdings in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of Allison Transmission during the 2nd quarter valued at $33,000. Fifth Third Bancorp boosted its stake in shares of Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after buying an additional 506 shares during the period. Quent Capital LLC grew its holdings in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 172 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after acquiring an additional 728 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ALSN. Raymond James assumed coverage on Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. The Goldman Sachs Group boosted their price target on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Citigroup raised their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird boosted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and an average target price of $86.86.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the firm’s 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 sale, the vice president now owns 9,601 shares of the company’s stock, valued at $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,741 shares of company stock worth $546,060. Company insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 0.3 %

Shares of Allison Transmission stock opened at $98.07 on Thursday. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $101.40. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average price of $92.73 and a two-hundred day moving average price of $83.27. The stock has a market capitalization of $8.58 billion, a P/E ratio of 13.09, a PEG ratio of 1.78 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.09. The business had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. Allison Transmission’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. Equities analysts expect that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio is currently 13.35%.

Allison Transmission Company Profile

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.