14,764 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,764 shares of the auto parts company’s stock, valued at approximately $1,418,000.

A number of other institutional investors also recently added to or reduced their stakes in ALSN. Thompson Siegel & Walmsley LLC lifted its position in shares of Allison Transmission by 257.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock worth $24,245,000 after buying an additional 230,152 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Allison Transmission by 108.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after buying an additional 135,194 shares in the last quarter. Carlson Capital L P acquired a new position in shares of Allison Transmission in the 1st quarter valued at $9,561,000. Sanctuary Advisors LLC acquired a new position in shares of Allison Transmission in the 2nd quarter valued at $7,953,000. Finally, Burney Co. boosted its holdings 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 buying an additional 101,920 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Down 0.3 %

ALSN stock opened at $98.07 on Thursday. Allison Transmission Holdings, Inc. has a one year low of $50.13 and a one year high of $101.40. The stock has a market capitalization of $8.58 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The company has a fifty day moving average of $92.73 and a 200-day moving average of $83.27.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The company had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter last year, the business earned $1.92 EPS. The business’s revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALSN shares. Citigroup upped their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target 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. Robert W. Baird increased their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Raymond James started coverage on shares of Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.86.

Insider Transactions at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at $912,095. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 5,741 shares of company stock worth $546,060. Company insiders own 1.10% of the company’s stock.

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.