Allison Transmission Holdings, Inc. (NYSE:ALSN) Stake Lifted by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,412 shares of the auto parts company’s stock after acquiring an additional 379 shares during the quarter. GAMMA Investing LLC’s holdings in Allison Transmission were worth $153,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALSN. Versant Capital Management Inc increased its position in shares of Allison Transmission by 30.4% during the 4th quarter. Versant Capital Management Inc now owns 1,076 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 251 shares during the period. Franklin Resources Inc. boosted its stake in Allison Transmission by 46.8% during the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after buying an additional 79,745 shares in the last quarter. Tri Ri Asset Management Corp bought a new position in Allison Transmission during the third quarter valued at about $5,932,000. Wilmington Savings Fund Society FSB acquired a new position in Allison Transmission during the third quarter worth about $67,000. Finally, World Investment Advisors LLC bought a new stake in Allison Transmission in the third quarter worth about $29,000. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 0.2 %

NYSE ALSN opened at $110.07 on Thursday. The firm’s 50 day moving average price is $113.66 and its two-hundred day moving average price is $97.13. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission Holdings, Inc. has a twelve month low of $55.81 and a twelve month high of $122.53. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.03 and a beta of 1.00.

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

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a $0.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. Allison Transmission’s dividend payout ratio is 12.18%.

Analyst Ratings Changes

Several research firms have recently weighed in on ALSN. Citigroup raised their price objective on shares of Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Bank of America raised their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Robert W. Baird upped their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Finally, Oppenheimer lifted their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $102.63.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,303,856.58. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock valued at $2,683,537 over the last three months. 1.10% of the stock is owned by corporate insiders.

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.