Chicago Equity Partners LLC boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 94.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,815 shares of the auto parts company’s stock after acquiring an additional 26,555 shares during the quarter. Chicago Equity Partners LLC’s holdings in Allison Transmission Holdings were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of ALSN. Tower Research Capital LLC TRC lifted its position in Allison Transmission Holdings by 7,314.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after acquiring an additional 5,120 shares during the period. The Manufacturers Life Insurance Company lifted its position in Allison Transmission Holdings by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after acquiring an additional 607 shares during the period. Menta Capital LLC acquired a new stake in Allison Transmission Holdings during the 2nd quarter worth approximately $206,000. BlueCrest Capital Management Ltd acquired a new stake in Allison Transmission Holdings during the 2nd quarter worth approximately $208,000. Finally, ARP Americas LLC acquired a new stake in Allison Transmission Holdings during the 3rd quarter worth approximately $242,000.
In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the completion of the transaction, the chief financial officer now owns 233,387 shares of the company’s stock, valued at $8,688,998.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Randall R. Kirk sold 7,541 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total value of $258,430.07. Following the transaction, the senior vice president now directly owns 84,494 shares of the company’s stock, valued at approximately $2,895,609.38. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.
Allison Transmission Holdings, Inc. (ALSN) opened at $43.30 on Monday. Allison Transmission Holdings, Inc. has a one year low of $30.30 and a one year high of $45.69. The firm has a market capitalization of $6,138.24, a P/E ratio of 19.16, a P/E/G ratio of 1.74 and a beta of 1.24. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57.
Allison Transmission Holdings (NYSE:ALSN) last released its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.27. Allison Transmission Holdings had a return on equity of 45.65% and a net margin of 16.34%. The firm had revenue of $595.00 million during the quarter, compared to the consensus estimate of $533.53 million. During the same period last year, the business posted $0.27 EPS. Allison Transmission Holdings’s quarterly revenue was up 37.1% on a year-over-year basis. equities analysts predict that Allison Transmission Holdings, Inc. will post 2.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, November 17th. Allison Transmission Holdings’s payout ratio is 26.55%.
Allison Transmission Holdings declared that its board has authorized a stock repurchase program on Wednesday, November 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
ALSN has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a “buy” rating on shares of Allison Transmission Holdings in a research note on Wednesday, August 2nd. ValuEngine raised Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub raised Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “buy” rating and set a $52.00 target price on shares of Allison Transmission Holdings in a research note on Wednesday, November 1st. Finally, Citigroup Inc. increased their target price on Allison Transmission Holdings from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.40.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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