Integrated Investment Consultants LLC Buys Shares of 4,569 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Integrated Investment Consultants LLC acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,569 shares of the auto parts company’s stock, valued at approximately $439,000.

Several other hedge funds have also made changes to their positions in the business. Jennison Associates LLC purchased a new stake in Allison Transmission during the third quarter worth approximately $52,156,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Allison Transmission by 257.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after acquiring an additional 230,152 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Allison Transmission by 86.7% during the third quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company’s stock worth $23,551,000 after acquiring an additional 113,868 shares during the period. Sanctuary Advisors LLC purchased a new position in Allison Transmission during the second quarter worth about $7,953,000. Finally, Burney Co. lifted its position in Allison Transmission by 34.7% in the first quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock valued at $32,119,000 after purchasing an additional 101,920 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Performance

NYSE ALSN opened at $118.11 on Friday. The business’s 50-day moving average price is $101.95 and its 200 day moving average price is $87.86. 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 Holdings, Inc. has a twelve month low of $53.00 and a twelve month high of $121.36. The company has a market capitalization of $10.23 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98.

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

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Oppenheimer raised their target price on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Citigroup lifted their price objective on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America raised their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group raised their price target on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $94.25.

Insider Buying and Selling

In other news, SVP John Coll sold 2,000 shares of the stock in a transaction on Friday, November 15th. The stock was 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 owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas Eifert sold 1,741 shares of the company’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 completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at $960,100. This trade represents a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,741 shares of company stock worth $781,520. Corporate insiders own 1.10% of the company’s stock.

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.