Andina Capital Management LLC Purchases 1,223 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Andina Capital Management LLC grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 17.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,148 shares of the auto parts company’s stock after acquiring an additional 1,223 shares during the quarter. Andina Capital Management LLC’s holdings in Allison Transmission were worth $783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of 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 acquiring an additional 39,700 shares during the period. Dimensional Fund Advisors LP increased its position in 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 last quarter. Federated Hermes Inc. lifted its holdings in Allison Transmission by 5.9% in 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 boosted its position in Allison Transmission by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock worth $51,903,000 after purchasing an additional 77,649 shares during the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of Allison Transmission by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock valued at $61,120,000 after purchasing an additional 5,489 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Robert W. Baird boosted their price target on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group upped their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus price target of $86.86.

Insider Activity

In other news, VP Thomas Eifert sold 1,741 shares of the firm’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 transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on 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 approximately $1,129,971.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the 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 completion of the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,741 shares of company stock valued at $546,060. 1.10% of the stock is currently owned by insiders.

Allison Transmission Price Performance

ALSN stock traded down $0.25 during trading on Tuesday, hitting $99.60. 171,549 shares of the company’s stock traded hands, compared to its average volume of 612,159. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $101.40. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 1.78 and a beta of 0.99. The business has a fifty day simple moving average of $93.51 and a 200 day simple moving average of $83.64. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. Allison Transmission’s dividend payout ratio is presently 13.35%.

About Allison Transmission

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.