Private Advisor Group LLC Raises Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Private Advisor Group LLC boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,972 shares of the auto parts company’s stock after acquiring an additional 167 shares during the period. Private Advisor Group LLC’s holdings in Allison Transmission were worth $382,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in Allison Transmission by 1.1% in the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after buying an additional 39,700 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 holdings in Allison Transmission by 5.9% in the second quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock worth $68,793,000 after buying an additional 50,625 shares during the last quarter. Bank of New York Mellon Corp raised 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 worth $51,903,000 after buying an additional 77,649 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in Allison Transmission by 0.9% in the third quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock worth $61,120,000 after buying an additional 5,489 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $109.64 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The firm has a fifty day moving average price of $95.64 and a 200 day moving average price of $84.76. Allison Transmission Holdings, Inc. has a fifty-two week low of $51.42 and a fifty-two week high of $109.76. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.91 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 earnings per share. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 8.18 earnings per share for the current fiscal year.

Insider Activity at Allison Transmission

In related news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $181,960.00. Following the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,741 shares of company stock valued at $546,060 over the last 90 days. 0.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Robert W. Baird lifted their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Bank of America boosted their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Finally, Oppenheimer boosted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” 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 company. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average price target of $92.25.

Allison Transmission 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.