Caprock Group LLC Buys Shares of 3,014 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Caprock Group LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,014 shares of the auto parts company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its stake in Allison Transmission by 238.0% during the second quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company’s stock worth $1,229,000 after acquiring an additional 11,401 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Allison Transmission by 25.3% in the 1st 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 last quarter. Artemis Investment Management LLP bought a new stake in Allison Transmission during the second quarter worth $2,252,000. CWA Asset Management Group LLC purchased a new position in Allison Transmission in the third quarter worth $947,000. Finally, Oppenheimer & Co. Inc. grew its stake in Allison Transmission by 133.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock valued at $1,337,000 after purchasing an additional 7,944 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

NYSE:ALSN opened at $119.65 on Monday. The stock has a fifty day moving average of $103.23 and a 200 day moving average of $88.47. Allison Transmission Holdings, Inc. has a 52-week low of $53.09 and a 52-week high of $121.36. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 2.10 and a beta of 0.98. 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 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. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same period in the previous year, the business posted $1.76 earnings per share. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio is 12.18%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a report on Friday, November 1st. Citigroup increased their target price on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Bank of America increased their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have issued 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 company presently has an average rating of “Hold” and a consensus price target of $94.25.

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.