6,799 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,799 shares of the auto parts company’s stock, valued at approximately $653,000.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares during the period. Triad Wealth Partners LLC purchased a new position in Allison Transmission in the 2nd quarter worth approximately $33,000. Venturi Wealth Management LLC increased its stake 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 worth $71,000 after purchasing an additional 162 shares during the period. Capital Performance Advisors LLP purchased a new position in Allison Transmission in the 3rd quarter worth approximately $82,000. Finally, Fifth Third Bancorp increased its stake in Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN stock opened at $117.67 on Friday. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 2.11 and a beta of 0.98. The business’s fifty day moving average is $98.97 and its 200 day moving average is $86.39. Allison Transmission Holdings, Inc. has a twelve month low of $52.83 and a twelve month high of $121.36. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 51.13% and a net margin of 22.66%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 earnings per share. Research analysts expect that Allison Transmission Holdings, Inc. will post 8.2 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.85%. Allison Transmission’s payout ratio is 12.18%.

Insiders Place Their Bets

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $912,095. The trade was a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 5,741 shares of company stock valued at $546,060. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of analyst reports. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Oppenheimer boosted their target price on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, November 1st. Citigroup boosted their target price on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Bank of America boosted their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.25.

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.