Integrated Investment Consultants LLC Acquires Shares of 4,569 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Integrated Investment Consultants LLC acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,569 shares of the auto parts company’s stock, valued at approximately $439,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Venturi Wealth Management LLC raised its holdings in Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after buying an additional 162 shares during the last quarter. Private Advisor Group LLC raised its stake in Allison Transmission by 4.4% during the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after buying an additional 167 shares during the last quarter. Quent Capital LLC lifted its holdings in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares during the period. Miller Howard Investments Inc. NY boosted its position in Allison Transmission by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after acquiring an additional 186 shares during the last quarter. Finally, Americana Partners LLC grew its holdings in Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock worth $385,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares in the company, valued at $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. This represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,741 shares of company stock valued at $781,520. 1.10% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

NYSE:ALSN opened at $118.11 on Friday. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 2.06 and a beta of 0.98. The stock’s 50 day simple moving average is $101.95 and its two-hundred day simple moving average is $87.86. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission Holdings, Inc. has a 1 year low of $53.00 and a 1 year high of $121.36.

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 the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 earnings per share. As a group, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Monday, November 18th. Allison Transmission’s payout ratio is currently 12.18%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Robert W. Baird upped their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer lifted 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. Citigroup increased their price target on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Bank of America increased their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $94.25.

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.