Quent Capital LLC Purchases 172 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Quent Capital LLC grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 24.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 889 shares of the auto parts company’s stock after acquiring an additional 172 shares during the quarter. Quent Capital LLC’s holdings in Allison Transmission were worth $68,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Financial Advisors Inc. boosted its position in shares of Allison Transmission by 2.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock valued at $396,000 after buying an additional 180 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Allison Transmission by 20.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after buying an additional 212 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Allison Transmission by 4.9% during the first quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock valued at $447,000 after buying an additional 255 shares during the last quarter. Hohimer Wealth Management LLC boosted its position in shares of Allison Transmission by 1.5% during the fourth quarter. Hohimer Wealth Management LLC now owns 20,535 shares of the auto parts company’s stock valued at $1,194,000 after buying an additional 311 shares during the last quarter. Finally, Americana Partners LLC boosted its position in shares of Allison Transmission by 7.0% during the fourth quarter. Americana Partners LLC now owns 4,878 shares of the auto parts company’s stock valued at $284,000 after buying an additional 321 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the transaction, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the transaction, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the transaction, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

ALSN traded up $0.34 on Wednesday, hitting $84.15. 36,558 shares of the company’s stock traded hands, compared to its average volume of 644,312. The company’s 50 day simple moving average is $77.99 and its 200-day simple moving average is $75.17. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.56 and a beta of 0.99. Allison Transmission Holdings, Inc. has a one year low of $50.13 and a one year high of $89.63. The company has a current ratio of 2.78, a quick ratio of 1.95 and a debt-to-equity ratio of 1.62.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The business had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. During the same quarter in the previous year, the company posted $1.92 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Robert W. Baird raised their target price on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their target price on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Raymond James assumed coverage on Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.57.

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.