Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Eagle Asset Management Inc.

Eagle Asset Management Inc. grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 33.4% during the third quarter, Holdings Channel reports. The firm owned 95,083 shares of the auto parts company’s stock after acquiring an additional 23,802 shares during the quarter. Eagle Asset Management Inc.’s holdings in Allison Transmission were worth $9,135,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc grew its position in shares of Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in Allison Transmission in the second quarter valued at approximately $33,000. Fifth Third Bancorp grew its holdings in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares during the last quarter. Quent Capital LLC raised its position in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 172 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of 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 last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $119.65 on Friday. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.10 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission Holdings, Inc. has a 12 month low of $53.09 and a 12 month high of $121.36. The stock’s 50 day moving average price is $103.23 and its 200 day moving average price is $88.38.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping 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 return on equity of 51.13% and a net margin of 22.66%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 EPS. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business 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 is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. 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. Citigroup lifted their price objective on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday. Robert W. Baird raised their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer lifted their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $94.25.

Insiders Place Their Bets

In related news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 15.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. The trade was a 13.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,741 shares of company stock worth $781,520. Company insiders own 1.10% of the company’s stock.

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.