GSA Capital Partners LLP Takes $560,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

GSA Capital Partners LLP acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,828 shares of the auto parts company’s stock, valued at approximately $560,000.

Several other hedge funds also recently modified their holdings of the business. Renaissance Technologies LLC lifted its position 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 purchasing an additional 39,700 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Allison Transmission by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after acquiring an additional 41,168 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Allison Transmission by 5.9% during the second quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock valued at $68,793,000 after acquiring an additional 50,625 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Allison Transmission by 12.8% during the second quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock valued at $51,903,000 after acquiring an additional 77,649 shares during the period. Finally, Copeland Capital Management LLC lifted its holdings in shares of Allison Transmission by 0.9% during the third quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock valued at $61,120,000 after acquiring an additional 5,489 shares during the period. 96.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of analyst reports. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group raised their target price on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, November 1st. Bank of America raised their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Citigroup raised their target price on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird raised their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Allison Transmission currently has an average rating of “Hold” and a consensus target price of $92.25.

Allison Transmission Price Performance

Allison Transmission stock opened at $115.98 on Wednesday. The firm has a market capitalization of $10.05 billion, a P/E ratio of 14.12, a PEG ratio of 2.06 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 1 year low of $53.00 and a 1 year high of $121.36. The business has a 50-day moving average of $100.78 and a 200-day moving average of $87.37. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.76 EPS. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. This represents a 15.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the transaction, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,741 shares of company stock worth $781,520. Corporate insiders own 0.93% of the company’s stock.

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.