Capital Performance Advisors LLP Purchases New Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Capital Performance Advisors LLP bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 856 shares of the auto parts company’s stock, valued at approximately $82,000.

Several other institutional investors also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Allison Transmission during the 1st quarter valued at about $1,342,000. Private Advisor Group LLC grew its holdings in Allison Transmission by 20.3% during the first quarter. Private Advisor Group LLC now owns 7,424 shares of the auto parts company’s stock valued at $603,000 after purchasing an additional 1,252 shares during the last quarter. Quantbot Technologies LP acquired a new position in Allison Transmission during the first quarter valued at approximately $206,000. Oppenheimer & Co. Inc. lifted its stake in shares of Allison Transmission by 4.9% in the first quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock worth $447,000 after buying an additional 255 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Allison Transmission during the 1st quarter worth $1,120,000. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a report on Friday, November 1st. Bank of America raised their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report 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. JPMorgan Chase & Co. increased their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Finally, Oppenheimer boosted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and an average target price of $92.25.

Allison Transmission Stock Performance

NYSE ALSN opened at $118.96 on Friday. The stock has a market cap of $10.30 billion, a P/E ratio of 14.49, a PEG ratio of 1.89 and a beta of 0.98. 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 Holdings, Inc. has a twelve month low of $51.95 and a twelve month high of $119.82. The company’s 50-day simple moving average is $97.23 and its 200 day simple moving average is $85.49.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. Allison Transmission’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 EPS. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 8.25 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio is presently 12.18%.

Insider Transactions at Allison Transmission

In related news, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $912,095. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 5,741 shares of company stock valued at $546,060. 0.93% of the stock is owned by insiders.

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.