Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,697 shares of the auto parts company’s stock after buying an additional 126 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Allison Transmission were worth $355,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ALSN. Price T Rowe Associates Inc. MD lifted its stake in shares of Allison Transmission by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,486 shares of the auto parts company’s stock valued at $3,936,000 after purchasing an additional 2,326 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Allison Transmission by 25.3% during the first quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company’s stock worth $4,627,000 after buying an additional 11,495 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Allison Transmission by 11.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,661 shares of the auto parts company’s stock valued at $378,000 after acquiring an additional 472 shares during the last quarter. Burney Co. raised its stake in shares of Allison Transmission by 34.7% in the 1st quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock valued at $32,119,000 after acquiring an additional 101,920 shares during the period. Finally, Cetera Advisors LLC lifted its holdings in shares of Allison Transmission by 10.1% in the 1st quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company’s stock worth $362,000 after acquiring an additional 408 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird boosted their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer increased their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Bank of America lifted their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. boosted their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $94.25.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the transaction, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,741 shares of company stock worth $781,520. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Trading Up 0.3 %

ALSN opened at $119.57 on Wednesday. The business’s 50-day simple moving average is $104.48 and its 200-day simple moving average is $89.16. The company has a market cap of $10.36 billion, a P/E ratio of 14.56, a PEG ratio of 2.13 and a beta of 0.98. Allison Transmission Holdings, Inc. has a one year low of $53.09 and a one year 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.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $1.76 earnings per share. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS 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. Shareholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

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.