Financial Strategies Group Inc. Has $313,000 Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Financial Strategies Group Inc. grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,139 shares of the auto parts company’s stock after purchasing an additional 198 shares during the period. Financial Strategies Group Inc.’s holdings in Allison Transmission were worth $313,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc lifted its position in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after buying an additional 336 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in Allison Transmission during the second quarter valued at approximately $33,000. Fifth Third Bancorp increased its position in shares of Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares during the last quarter. Quent Capital LLC raised its stake in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 172 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Allison Transmission by 307.2% in the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock valued at $78,000 after buying an additional 728 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Activity

In other news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated 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 owns 9,601 shares in the company, valued at approximately $960,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,741 shares of company stock worth $546,060. Corporate insiders own 0.93% of the company’s stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $118.05 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The stock has a 50 day simple moving average of $96.71 and a 200 day simple moving average of $85.22. Allison Transmission Holdings, Inc. has a 1-year low of $51.86 and a 1-year high of $118.58. The stock has a market cap of $10.23 billion, a P/E ratio of 14.38, a PEG ratio of 1.89 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the previous year, the business posted $1.76 earnings per share. Allison Transmission’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.25 earnings per share 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 given a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%. Allison Transmission’s payout ratio is 12.18%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Citigroup lifted their price target on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Oppenheimer raised their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $92.25.

Allison Transmission Company 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.