Harvest Fund Management Co. Ltd Grows Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Harvest Fund Management Co. Ltd boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,697 shares of the auto parts company’s stock after buying an additional 126 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Allison Transmission were worth $355,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in shares of Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 336 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in Allison Transmission in the 2nd quarter valued at approximately $33,000. Fifth Third Bancorp boosted its holdings in Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares in the last quarter. Quent Capital LLC lifted its holdings in shares of Allison Transmission by 24.0% in the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after buying an additional 162 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Allison Transmission stock opened at $119.57 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 company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.13 and a beta of 0.98. Allison Transmission Holdings, Inc. has a fifty-two week low of $53.09 and a fifty-two week high of $122.53. The stock has a fifty day moving average of $104.48 and a two-hundred day moving average of $89.16.

Allison Transmission (NYSE:ALSNGet Free Report) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $1.76 EPS. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

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. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.84%. Allison Transmission’s payout ratio is currently 12.18%.

Analysts Set New Price Targets

A number of research firms have commented on ALSN. 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 report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Bank of America raised their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer boosted their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.25.

Check Out Our Latest Stock Analysis on Allison Transmission

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the 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 transaction, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. This represents a 13.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,741 shares of company stock worth $781,520. Insiders own 1.10% of the company’s stock.

Allison Transmission Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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