2,621 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by WCM Investment Management LLC

WCM Investment Management LLC acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,621 shares of the auto parts company’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versor Investments LP acquired a new stake in shares of Allison Transmission during the third quarter worth approximately $490,000. Venturi Wealth Management LLC grew its holdings in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 162 shares in the last quarter. Meritage Portfolio Management increased its position in shares of Allison Transmission by 10.6% in the 3rd quarter. Meritage Portfolio Management now owns 24,115 shares of the auto parts company’s stock worth $2,317,000 after purchasing an additional 2,311 shares during the last quarter. Covestor Ltd raised its stake in shares of Allison Transmission by 35.1% in the 3rd quarter. Covestor Ltd now owns 936 shares of the auto parts company’s stock valued at $90,000 after purchasing an additional 243 shares in the last quarter. Finally, Sheets Smith Wealth Management bought a new position in shares of Allison Transmission during the third quarter worth about $479,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related 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 completion of the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at $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 available through the SEC website. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares in the company, valued at $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 available at this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,741 shares of company stock valued at $546,060. Company insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 1.3 %

ALSN stock opened at $118.46 on Wednesday. The stock has a market cap of $10.26 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The firm’s 50-day simple moving average is $97.78 and its 200 day simple moving average is $85.85. Allison Transmission Holdings, Inc. has a fifty-two week low of $52.36 and a fifty-two week high of $121.36. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

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, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.76 earnings per share. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 8.2 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Allison Transmission’s payout ratio is 12.18%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALSN. Bank of America boosted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Citigroup upped their price target on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Oppenheimer boosted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.