Townsquare Capital LLC Invests $317,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Townsquare Capital LLC purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,304 shares of the auto parts company’s stock, valued at approximately $317,000.

Several other large investors also recently added to or reduced their stakes in ALSN. FMR LLC grew its position in Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after buying an additional 2,493,310 shares during the period. Jennison Associates LLC bought a new stake in Allison Transmission during the third quarter valued at approximately $52,156,000. Loomis Sayles & Co. L P grew its position in Allison Transmission by 252.5% during the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock valued at $56,974,000 after buying an additional 424,813 shares during the period. Charles Schwab Investment Management Inc. grew its position in Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after buying an additional 233,214 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its position in Allison Transmission by 257.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after buying an additional 230,152 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

Allison Transmission stock opened at $117.09 on Friday. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 2.08 and a beta of 0.98. The firm’s fifty day moving average is $108.08 and its 200 day moving average is $91.04. 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 Holdings, Inc. has a 52-week low of $54.22 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million for 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%. Allison Transmission’s 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. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday. Citigroup upped their price target on shares of Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $94.25.

Insider Activity at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $912,095. This represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Graziosi sold 11,590 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,165,413.52. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,380 shares of company stock valued at $2,830,837 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Allison Transmission 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.