Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 46.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,270 shares of the auto parts company’s stock after buying an additional 4,837 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Allison Transmission were worth $1,467,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Parcion Private Wealth LLC purchased a new stake in shares of Allison Transmission during the third quarter worth $5,906,000. Impact Partnership Wealth LLC purchased a new stake in shares of Allison Transmission during the 3rd quarter worth about $223,000. Lecap Asset Management Ltd. acquired a new stake in shares of Allison Transmission during the 3rd quarter valued at about $1,418,000. Private Advisor Group LLC grew its stake in shares of Allison Transmission by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock valued at $382,000 after buying an additional 167 shares in the last quarter. Finally, Copeland Capital Management LLC increased its holdings in Allison Transmission by 0.9% in the third quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock worth $61,120,000 after buying an additional 5,489 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday. Robert W. Baird raised their target price on Allison Transmission from $103.00 to $108.00 and gave the stock 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 report on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. boosted their price objective 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 investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Allison Transmission currently has an average rating of “Hold” and a consensus price target of $92.25.

Allison Transmission Trading Up 0.4 %

NYSE ALSN opened at $107.27 on Monday. The company has a market capitalization of $9.29 billion, a PE ratio of 13.07, a P/E/G ratio of 1.92 and a beta of 0.98. The stock has a 50-day simple moving average of $94.90 and a 200 day simple moving average of $84.35. The company has a current ratio of 2.83, a quick ratio of 2.19 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 12 month low of $51.19 and a 12 month high of $109.30.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26. The firm had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 earnings per share. Research analysts forecast that Allison Transmission Holdings, Inc. will post 8.13 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. Allison Transmission’s payout ratio is 12.18%.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was 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 in the company, valued at $960,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,741 shares of company stock worth $546,060 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.