Quantinno Capital Management LP Acquires 29,475 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Quantinno Capital Management LP boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 57.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,996 shares of the auto parts company’s stock after purchasing an additional 29,475 shares during the period. Quantinno Capital Management LP owned about 0.09% of Allison Transmission worth $7,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC lifted its stake in Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after acquiring an additional 2,493,310 shares during the last quarter. Renaissance Technologies LLC lifted its stake in 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 valued at $267,359,000 after acquiring an additional 39,700 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Allison Transmission by 2.2% in 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. Charles Schwab Investment Management Inc. lifted its stake in Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after acquiring an additional 233,214 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake 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 last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

NYSE ALSN opened at $117.09 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $54.22 and a 52-week high of $122.53. 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 firm has a 50-day moving average of $108.08 and a 200-day moving average of $91.04. The stock has a market cap of $10.14 billion, a PE ratio of 14.26, a P/E/G ratio of 2.08 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business 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 company earned $1.76 EPS. The business’s revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.85%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is 12.18%.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the completion of the transaction, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock worth $2,830,837 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ALSN has been the subject of a number of recent analyst reports. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Oppenheimer increased their price target 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 increased their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, November 1st. Robert W. Baird raised their target price on shares of 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. raised their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average target price of $94.25.

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.